You do realise there was commentary that was honest regarding cash position with the announcement so unlike other company's who try and ignore it they are well aware and have shown pathway as long as they get some sales or they could even go down pathway of borrowing against R & D refund etc etc
They may be a public company but have been fiscally responsible so far and if they get sales due to model $ will hit accounts at a reasonable term.
Product seems cheap to manufacture and distribute and they will target advertise when appropriate or funding is available is my guess. I can't see it in their interest to waste time and $ on raising if product starts moving and wouldn't take much to sort a short term facility if required IMO.
Hopefully they won't be in this low cash position for very long.
As you say on you other stock to all people who comment " why do you care?"
You do realise there was commentary that was honest regarding...
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Last
6.8¢ |
Change
0.004(6.25%) |
Mkt cap ! $12.19M | |||
| Open | High | Low | Value | Volume |
| 6.8¢ | 6.8¢ | 5.8¢ | $43.97K | 682.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 66878 | 6.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 7590 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
6.4¢ |
Change
0.004 ( 1.59 %) |
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| Open | High | Low | Volume | ||
| 5.7¢ | 6.4¢ | 5.7¢ | 84384 | ||
| Last updated 14.00pm 03/05/2024 ? | |||||
| FRE (ASX) Chart |