SP almost always dips to the CR price in the days following. As mentioned, CR was expected and not necessarily a bad thing, even given the dilution. The additional cash burn was due to marketing campaigns but I think they are winding it back for the moment. I expect they’ll wait for the budget before launching a larger east coast marketing campaign, but nothing too excessive <$750k, which would still leave them in a good position with ~7 quarters of operating capital.
Ann: Trading Halt, page-22
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.528M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 83867 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 50000 | 1 |
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| Last trade - 10.32am 26/07/2024 (20 minute delay) ? |
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