A solid improvement in the quarterly. A few nice nibbles of volume this week very little volume on the supply side.
Another $700k financed and still alluding to a large facility to fund the 100 ordered cars and beyond. That facility being secured and the size of it will be the catalyst for a re rate I believe. I think it may be in the order of $3-5 million given the $1.5m got us 65 cars so we must be looking at $2-$3m to fund the 100 plus.
A large facility will lay the tracks for solid growth and that in turn may be enough to get us over 6 cents and into option conversion territory.
A 10 cent share price gives a market cap of around $20m which is potentially very fair for a business with a fleet of over 300-400 vehicles and the revenue they would generate.
The RaaS video also spoke of sector consolidation which is interesting with Turo launching here earlier this month.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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4 | 740323 | 1.6¢ |
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Price($) | Vol. | No. |
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1.8¢ | 584568 | 2 |
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No. | Vol. | Price($) |
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4 | 740323 | 0.016 |
1 | 769307 | 0.013 |
1 | 200000 | 0.012 |
2 | 100000 | 0.010 |
1 | 100000 | 0.005 |
Price($) | Vol. | No. |
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0.018 | 584568 | 2 |
0.019 | 643399 | 2 |
0.020 | 1803008 | 4 |
0.024 | 100000 | 1 |
0.025 | 680000 | 2 |
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