Actually it's not ridiculous
I'm just suggesting you get a pretty good ball park idea in that 1:1000 consolidation (given the current market cap of around 300 million now is about where it was before the massive cash burn and losses were disclosed and the basic product here is yet to be a profitable? )
In other words there are 1000x less shares on issue sharing in the potential upside right now on the current market cap
Lets say one of the early holders had 1000 shares (of that 400 million odd market cap upside)
They now have 1 share of that 400 Million market cap upside
That is a massive lost benefit.
That potential upside benefit has to have gone somewhere.. in essence it's evaporated with the cash burn to get the product to where it is now
I'm not saying this isn't awesome for the product, the people involved and the future of the company
I'm just saying it's come at an enormous cost to existing (and long holding) shareholders and this cannot be denied in that 1:1000 consolidation vs the current SP..
That's all I am saying
Do you have a rough idea how much it's cost to get here?
Over the 10 or more years since listing?
Has the current CEO ever said as much?
Take or leave what I'm saying - it's a reality check vs all the fake charts out there - that's all I'm saying..
The numbers don't lie
Cheers NA/IMO.
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Last
$6.27 |
Change
0.360(6.09%) |
Mkt cap ! $97.17M |
Open | High | Low | Value | Volume |
$5.93 | $6.30 | $5.91 | $107.9K | 17.39K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3500 | $6.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.27 | 200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3500 | 6.120 |
1 | 2000 | 6.100 |
1 | 1250 | 5.950 |
1 | 857 | 5.830 |
1 | 900 | 5.780 |
Price($) | Vol. | No. |
---|---|---|
6.300 | 463 | 1 |
6.400 | 130 | 1 |
6.500 | 255 | 1 |
6.550 | 1092 | 1 |
6.600 | 320 | 1 |
Last trade - 15.42pm 27/06/2025 (20 minute delay) ? |
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