All of this said, they had $8m cash left on 31 Dec 19, which is 4 months of spend at their burn rate. They have no debt facility beyond $60k for corporate credit cards. Their announcements have said 'mix of debt and equity'.
They have said they will cap raise. They must raise before April.
There is nothing to support the share price other than pure speculation. Not to mention that the pending cap raise will dilute your holdings by at least 20%.
Prove me wrong. This stock is worth 70 cents at best.
CAN 2020 SP discussion, page-191
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Last
3.8¢ |
Change
-0.001(2.56%) |
Mkt cap ! $17.74M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 3.9¢ | 3.7¢ | $3.023K | 78.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 308137 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 166529 | 1 |
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| CAN (ASX) Chart |