A safe financial position? My reading of the accounts is that they will need to raise some cash very soon. $729k went out of the accounts last quarter and they had $228k on 31st March + the $330k received in April. Indicates to me that they are getting pretty low. ASIC likes around 3months of expenses in the bank account, now I understand that they had an expensive month due to shipping product around, however, doesn't discount the fact that their cash position is not real crash hot at all.
It would not surprise me if a capital raising is in the wings
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.995M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $3.242K | 408.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5173807 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1167267 | 3 |
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| Last trade - 14.09pm 17/09/2025 (20 minute delay) ? |
| PET (ASX) Chart |