I disagree. I would be more concerned if a business this early in its life cycle was hoarding cash. I prefer at this stage they are using every last cent to grow market share and improve their product.
The real concern for me would be If revenue numbers start to decline or stand still. At the moment they continue to head north so all good as far as I’m concerned atm.
What concerns me is the selling that comes in on any good news someone wants out and it’s killing the price.
Ann: Flash update, page-8
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.86M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $7.508K | 61.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 310000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 403477 | 5 |
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| Last trade - 12.36pm 08/11/2024 (20 minute delay) ? |
| KYP (ASX) Chart |