The warrants are subject to SH approval. At this point in time SHs are not privy to FY24 forecasts and cash position but one of the conditions is to hold a minimum $1m in cash from 1 January 2024.
The Board really does need to provide the update that will remove the current uncertainty in trading. SC and the management team cannot burn cash in FY24 without the support of PURE unfortunately. Walking the tightrope of an aggressive debt provider to turn SPA into a sustainable profitability business model. DYOR.
Ann: Loan Facility Restructure, page-6
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.44M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 286 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 287 | 1 |
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| Last trade - 08.24am 21/08/2024 (20 minute delay) ? |
| SPA (ASX) Chart |
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