Glad they have to do quarterly reporting....long time coming given the cash burn
The decisions to halt spend on the US program and new device wreak of concern around cash. These two things might generate some upside, but now on hold. Poor investors left with what exactly?
There is no way they are going to try and string out their dwindling cash balance over the next 12 months. Get it wrong and they'll be insolvent
They need to raise, but on the back of what purpose? To fund working capital? Not much of a selling pitch. Market will know this and accordingly why would anyone buy on market at present. They'd have to raise at sub 40c and even then many would be too spooked to participate!!
Still a great product but this new Board and Management team have botched so much recently. Overspent and underdelivered!!
Glad they have to do quarterly reporting....long time coming...
Add MVP (ASX) to my watchlist
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Last
41.5¢ |
Change
-0.015(3.49%) |
Mkt cap ! $35.81M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 42.5¢ | 41.5¢ | $13.37K | 31.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1869 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 5 | 1 |
View Market Depth
| Last trade - 12.25pm 31/05/2024 (20 minute delay) ? |
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Last
42.0¢ |
Change
-0.015 ( 2.33 %) |
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| Open | High | Low | Volume | ||
| 42.0¢ | 42.0¢ | 42.0¢ | 2200 | ||
| Last updated 12.22pm 31/05/2024 ? | |||||
| MVP (ASX) Chart |