FWIW…here’s a few of my thoughts (without getting too picky):
· My earlier suspicion about the $6m CR seems well justified…without it, their liquidity would have been in tatters. (Tests? What tests?)
· I am surprised they have borrowed $42+k @ 5.39% to cover insurance costs
· I agree with others’ comments on the levels of remuneration. Embarrassingly crazy!!
· An 80fold increase in bad/doubtful debts … this is worrying
· Those bloody legal costs re: Ikon debacle are a sad indictment on the naivity of this company
· A small mercy is, at this rate, hopefully all the Options will never be exercised!
· 72% of the receivables are taking over 3 months to get collected – that is “bad debt” territory
· They are taking over 4 months to pay the Creditors – that is “legal action” territory (think Ikon)
· It is taking 58% more time to sell inventory than last year & twice as long as 2018
In the interests of my ongoing sanity, I think I’ll just leave it there eh.
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Change
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Mkt cap ! $3.690M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $11.01K | 1.376M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 123437 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 80000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 123437 | 0.008 |
1 | 1091271 | 0.007 |
3 | 565639 | 0.006 |
1 | 300000 | 0.005 |
3 | 825000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 80000 | 1 |
0.010 | 157763 | 1 |
0.013 | 750000 | 1 |
0.015 | 340000 | 2 |
0.016 | 100000 | 1 |
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