Hmm is your point that DSCR is 0? It requires a positive EBITDA as a numerator. But yes, tens of millions more in capital raises to come to pay down all of that debt.
Fun fact, did you know since listing in 2017 CAN has done $168m in capital raises? All of that for revenue of $8m in the last half (and a loss of $19m) and $65m of debt that needs to be repaid. If anyone ever writes a book on wealth destruction in Australia I'm sure CAN will warrant a look-in.
Management sure did have a rosy view of where things were going in the short-term back on 29th January 2020:
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3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.80M |
Open | High | Low | Value | Volume |
3.8¢ | 3.9¢ | 3.8¢ | $4.393K | 114.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 783582 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 14588 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1034 | 0.038 |
5 | 783582 | 0.037 |
3 | 75002 | 0.036 |
5 | 4035800 | 0.035 |
3 | 42975 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 5166 | 1 |
0.039 | 14588 | 1 |
0.040 | 16176 | 2 |
0.041 | 90000 | 1 |
0.042 | 310000 | 2 |
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