ABV 1.82% 5.4¢ advanced braking technology ltd

Yes the writing is on the wall for this company , as reflected...

  1. 33,451 Posts.
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    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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5.4¢
Change
-0.001(1.82%)
Mkt cap ! $20.58M
Open High Low Value Volume
5.5¢ 5.5¢ 5.4¢ $540 10.00K

Buyers (Bids)

No. Vol. Price($)
1 200000 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.4¢ 30000 1
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Last trade - 16.10pm 24/06/2024 (20 minute delay) ?
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