Yes the writing is on the wall for this company , as reflected in the share price , investors believed in them , invested money in them , but company failed to get the new dura brakes in the market within its self imposed timeline due to quality control issues , result is the pathetic revenue figures in the quarterly .
So really a double wammy , running at a loss , can be forgiven if sales are increasing substantially , in this case receipts in the last quarter were only $1.9M against the last nine months of $6.5M and a near $600K loss .
Would like to think it could be turned around by changing management or the board , but possibly too far gone for even that, best option would be sell the tech to a larger company, that can internalise the current pigs in the trough board and management admin costs and then this company would then still have some value as a shell .
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Change
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Mkt cap ! $22.96M |
Open | High | Low | Value | Volume |
5.9¢ | 6.0¢ | 5.8¢ | $123.0K | 2.078M |
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No. | Vol. | Price($) |
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1 | 286132 | 5.9¢ |
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Price($) | Vol. | No. |
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6.0¢ | 251223 | 4 |
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1 | 286132 | 0.059 |
3 | 95103 | 0.058 |
1 | 60000 | 0.056 |
1 | 9200 | 0.055 |
1 | 110342 | 0.053 |
Price($) | Vol. | No. |
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0.060 | 251223 | 4 |
0.069 | 6851 | 1 |
0.089 | 50001 | 1 |
0.098 | 125000 | 1 |
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