A plan from Dr. Chick is to keep raising capital every 6 months until no one is interested in buying any shares, it then CAN may announce being taken over by other companies at a cheap price. That is very possible based on the cash flow and the speed they spend the money, it will not have enough money running their daily operation in 6 months' time.
Ann: Investor Presentation - FY23 results, page-6
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Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.34M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.7¢ | $3.09K | 82.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1030441 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 125000 | 1 |
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| CAN (ASX) Chart |