IBX MC is now $2.8m. Forget about the cash in the bank - that will be consumed.Share price possibly can't get any lower as the listed ASX "shell" is worth something. Perhaps a couple of mil? It costs a lot to get a new company listing on the ASX, including prospectus, legal, sponsoring broker, marketing, etc.Share price probably can't get much lower given the "shell" value, but if they run out of cash its game over and they'll be forced to delist. IMO CN holders will end up repoing the IP assets and then game over. Who knows the IBX shell may morp down the track as a gold explorer.
IBX Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held
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