Here's the problem. Too many mates drawing from the company. $13m cash at the end of Sept and now around $6m in the bank. What value have shareholders gained for the $7m of expenditure?
Taking advantage of a beaten down sp isn't helping shareholders. Cutting the deadwood is much more effective and immediate.
Here's the problem. Too many mates drawing from the company....
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Last
8.4¢ |
Change
0.006(7.69%) |
Mkt cap ! $24.49M | |||
| Open | High | Low | Value | Volume |
| 8.0¢ | 8.6¢ | 7.8¢ | $73.98K | 901.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 226434 | 8.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.4¢ | 21999 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
8.3¢ |
Change
0.006 ( 2.47 %) |
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| Open | High | Low | Volume | ||
| 8.0¢ | 8.6¢ | 7.9¢ | 171280 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| CY5 (ASX) Chart |