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hmm, the cash burn could be a major issue for APT.

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nirv06

513 Posts.

29

20/03/19

23:46

Post #: 37831591
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Originally posted by chris1983: ↑

They are placing a lot of hope in a placement to cover their shorts? Money they don’t even own. Majority of the 6% of short sold stock are also currently losing at the current price. Talk about rolling the dice on possibly the best growth stock on the ASX.

I don’t think a placement will happen for possibly another 3 months. We will need to see the cash burn in the upcoming quarterly but as per the half yearly they did have enough cash to cover them for a solid 6 months comfortably IMO.

with enough evidence to show the US is pumping insane growth they need to start to worry but hey by all means I don’t mind if they wait to cover. It means they will Incur heavier losses and I don’t have any care for shorters.

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hmm, the cash burn could be a major issue for APT.

APT Price at posting: $20.76 Sentiment: Hold Disclosure: Held
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