They were always going to need a CR regardless of subscribers at some early stage. A few million $ in bank goes nowhere to launch a product. Competitors have raised billions between them so thinking this was going to be different is delusional.
CRs are a necessary part of an infant business so no surprise. They even show a chart in their own presentation of how much capital others have raised.
Question is what price will a large investor want to pay? Has the crazy rise on FOMO and hype put SP to a level that instos may not be interested without a large discount.
Will be very interesting to see the make up of the SPP and that will give indications.
The 5 day SP average seems around the 28c mark.
Ann: Trading Halt, page-11
-
- There are more pages in this discussion • 97 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DOU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.410M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $51.96K | 9.172M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 6929849 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 2606033 | 7 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| DOU (ASX) Chart |