I completely agree with you. HMD would be better suited to an unlisted entity. In order for that to work as it all stands right now you would need about $20m as a starting point. $10m to wrap it up and then $10m to provide adequate runway to some sort of revenue neutral type of position. Given the lack of execution success it would need someone with very deep pockets to deploy $20m at this point as success isn’t the only realistic outcome at hand.
there just has to be more dilution unless a contract/s that amount to $1m+ per quarter get signed or a significant grant of $5m+ comes through… I’m not sure what revenue will be received this quarter but none of it seems particularly recurring so it’s hard to get excited about any number recorded….
I completely agree with you. HMD would be better suited to an...
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Change
0.001(6.67%) |
Mkt cap ! $6.212M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.9¢ | 1.6¢ | $35.37K | 2.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 7635054 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.8¢ | 1048168 | 2 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| 1.8¢ | 1.8¢ | 1.6¢ | 930096 | ||
| Last updated 15.55pm 24/05/2024 ? | |||||
| HMD (ASX) Chart |