Ann: Entitlement Offer raises a further $0.95 million, page-3

At 0.001 I think the market cap will be about $5.6mm. That is if the remainder gets scooped up by the various shady characters lurking in the wings.
I bought some more today too.
why? Show me a small tech company that is trading around cash flow break even in a rapidly changing environment, the management and their close associates are heavily invested, you can buy 1 million shares for a thousand dollars and the mc equals the cash backing….Beam me up Scotty. You don’t get those opportunities every day in the speculative space.
For sure, the most likely outcome is probably still administration in a year to 18 months time, but I am still happy to roll the dice for this kind of downside.
the rapidity of the placement is likely to do with the proximity to the Quarterly coming out at the end of the month. There has to be some breathing space.
Personally, I am not that excited about the quarterly. The management wouldn’t be dumb enough to announce a chunky inaugural profit a few weeks after a placement that they heavily bought in to would they?
But, the next quarter could be a different story….