That's what I've been saying all along.
Cash runway is key to sustaining the business. Only 3 quarters is llke a plane coming into land on half a runway... It's bleeding cash.
Another capital call with LDA is very possible without this and no revenue, the ship will start to sink. More dilution. More Cash burn. More shares sold. Lower Share price. What next??
Start up tech companies PRIORITY should be on reinvesting funds into the business and not in rewarding directors exorbitant salaries.
I think most non holders will watch and wait. Fools rush in. Also I believe the market cap does not justify the performance of the company and it has much more to fall.
Ann: Appendix 4C and Quarterly Activities Report, page-131
-
- There are more pages in this discussion • 63 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BRN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $417.5M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.5¢ | 21.5¢ | $1.871M | 8.486M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 129705 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 941352 | 22 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| BRN (ASX) Chart |