A cash problem (or a perception of a cat problem) has a number of issues -
1. Not enough money (obviously).
2. The market anticipates a cash raise - which increases sellers and decreases buyers, leading to decreasing SP.
3. Leaves the company vulnerable to a market black swan event which may make it difficult to raise any money for a long period of time.
4. Uncertainty. A product of all of the above. Nothing kills a SP more than uncertainty. Uncertainty is death.
Rip the bandaid off and get a cash raise done quickly.
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- AMEC Prospector Award 2019
AMEC Prospector Award 2019, page-16
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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1 | 100000 | 0.120 |
3 | 579099 | 0.110 |
3 | 454384 | 0.105 |
2 | 31315 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 109500 | 3 |
0.145 | 192938 | 1 |
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