I think if anything says 2 quarters of runway that would be questionable. Seems they burned 1.6 mil last qtr and now have 2.4 mil left . Hard to believe they let cash get below 1 million in bank and unfortunately now market will see cr coming next 2-4 months so will need big news to reverse trend. Very frustrating they didn't raise at higher price, surely they could anticipate where this quarter was going? Maybe they just can't find investors so will just be forced to go spp path. Not necessarily the worst path if it is a sustainable business heading to cash flow positive. Unfortunately this qtr a long way from cashflow positive but at least they do have fairly significant sales compared to some small co's.
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I think if anything says 2 quarters of runway that would be...
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14.0¢ |
Change
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Mkt cap ! $7.705M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 14.0¢ | $10 | 71 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 10000 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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14.0¢ | 6517 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 10000 | 0.120 |
1 | 15053 | 0.110 |
2 | 16111 | 0.100 |
1 | 10762 | 0.093 |
1 | 10988 | 0.091 |
Price($) | Vol. | No. |
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0.140 | 6517 | 1 |
0.145 | 27717 | 2 |
0.150 | 18277 | 2 |
0.165 | 5253 | 1 |
0.170 | 11612 | 1 |
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