In relation to that debt, one portion (smaller portion) $460k will be paid off by May 22. The greater portion of the debt is a $1.8m loan (paid off within 4 years at current instalment rate) is from the CEO who also owns 30% of the business (is always buying more shares) and will very likely be renting a premises to HT8 very soon. This would normally scare me relying on someone so heavily but given the business is in a "Growth Story" as Stockfella likes to remind meand all projections has this continuing to increase quarter on quarter, year on year.
Garrison appears to have a passion and a desire to make this business work, is very quick to respond and has been very friendly in every interaction I've had with him. I feel comfortable in continuing with my investment and increasing when I have capacity.
$1 club, we can only hope.... maybe one day. I believe the the current SP is well under valued given our yearly revenue and future outlook.
$1 club, page-3
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.393M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 69900 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 322000 | 1 |
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| Last trade - 16.12pm 30/05/2024 (20 minute delay) ? |
| HT8 (ASX) Chart |
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