Wow, they only shut their stores on 23rd March but they burned $1.25m for the quarter and had $660k left in cash as at the end of March.
Whilst COVID-19 obviously isn't their fault, I would be surprised if they weren't already out of cash given that another month has gone by.
IMHO, if the EG deal doesn't go ahead in some form, the next call has to be to the administrators. As I have said previously, it may make more sense for EG to let it go and pick up the bits and pieces they want from the administrators so they aren't lumped with leases or terms they don't want nor any of the other liabilities (including the CBA debt and whatever creditors have been stretched).
Wow, they only shut their stores on 23rd March but they burned...
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Last
0.9¢ |
Change
-0.002(18.2%) |
Mkt cap ! $3.966M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $7.232K | 792.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 185467 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 100000 | 1 |
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| Last trade - 14.15pm 15/11/2024 (20 minute delay) ? |
| OLI (ASX) Chart |