We're not sure yet.
They're running this company off the smell of an oily rag, which is currently saving shareholders from a lot of dilution.
There could be one more placement, it would depend on how big the cashburn is. We'll find out in a few weeks. If they only burnt through $500K instead of $1.1M, then they should have enough cash for another 2 quarters.
Then W2V could grab more grant money from the IIA. That should get them through another quarter or two.
Plus the extra revenue from the Smart Spend Card, which appears to be launching.
Before you know it 2024 has rolled around.
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.59M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3432654 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1938360 | 4 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| W2V (ASX) Chart |
Day chart unavailable