This will make it something like 10 years + $51m of capital which is now worth only $12m.
With their current burn Vs growth rates - they will need another top up before they break even. Despite all the big names they drop - there is not a lot of revenue to show for it.
When you google "escalating commitment to failure" you should see images of Felix board members.
Ann: Presentation - $3m Placement and Launch of SPP, page-2
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $34.76M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11262 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 15366 | 1 |
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