That is really not a big amout to inspire confidence, but nonetheless still good to see him buying on market after what has happened, shows he has confidence in the company.
Though this still means nothing if the company cannot secure any kind of funding, sure we still have some cash, but going forward we would need more, at least $10 million I would say, though I do not want them to be doing a private placement and give huge discounts it can be up to 26% in many cases!!!
Perhaps the best they can do is non-convert debt or a placement facility, I have seen some similar to that, really good as it is at the company's option when they need funds and don't have to be stuck at low prices when the drawdown.
We definitely need a finance guy to get some good cheap financing for us, hope Adam is aware of this and doesn't have a board just full of technical guys, need balance.
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12.0¢ |
Change
-0.003(2.04%) |
Mkt cap ! $7.951M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 12.0¢ | $2.64K | 22K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2199 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 45000 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 2199 | 0.120 |
2 | 67032 | 0.115 |
3 | 113563 | 0.110 |
1 | 12500 | 0.105 |
7 | 152100 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 45000 | 2 |
0.130 | 23500 | 2 |
0.135 | 131063 | 2 |
0.140 | 605872 | 4 |
0.145 | 100000 | 1 |
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