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bastjose

2,924 Posts.

93

06/04/24

17:44

Post #: 73221472
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Originally posted by tradie130: ↑

Why do people keep assuming they are close to breakeven? They have been saying this for nearly two years. The revenues they report, and colourfully graph, never match the sale receipts of the current quarterly or the next for that matter. They have no money in the bank, and the indication from news reporting is the $26M is gone and not coming back hence the need for the emergency $24M raise to keep the lights on and pay the bills. They can’t afford to aim much higher than a $24M raise at sub 10c as it will dilute the company too much and the reputational damage if they fail in the placement will be too much to bear. They are still burning $4M to $5M a quarter so they have maybe three quarters to prove if the commercial viability stands up. All eyes will be on the release of the audited report and whether or not they remove the founders and board before they rattle the tin.

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Because there would be no fund raise if there was no hope.

To be sure some big Wiggs have seen the numbers.

We the rest of us have been told nothing.

DUB Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.8¢		Change 0.000(0.00%)		Mkt cap ! $16.66M

Open	High	Low	Value	Volume
1.9¢	2.0¢	1.8¢	$75.57K	4.064M

Buyers (Bids)

No.	Vol.	Price($)
22	4000823	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	1400000	1

View Market Depth

No.	Vol.	Price($)
20	3690823	0.018
14	2609505	0.017
8	1309000	0.016
9	4417695	0.015
1	852365	0.014

Price($)	Vol.	No.
0.020	4111191	8
0.021	150000	1
0.022	1329634	3
0.023	1252972	3
0.024	225000	3

Last trade - 16.10pm 18/10/2024 (20 minute delay)

DUB (ASX) Chart