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.
Ann: Notice of Annual General Meeting/Notice of Access/Proxy Form, page-2
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Last
8.6¢ |
Change
-0.002(2.27%) |
Mkt cap ! $25.07M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.0¢ | 8.6¢ | $20.50K | 231.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11764 | 8.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.9¢ | 20996 | 1 |
View Market Depth
| Last trade - 15.41pm 17/05/2024 (20 minute delay) ? |
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Last
9.0¢ |
Change
-0.002 ( 3.45 %) |
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| Open | High | Low | Volume | ||
| 9.0¢ | 9.0¢ | 8.9¢ | 9960 | ||
| Last updated 14.14pm 17/05/2024 ? | |||||
| CY5 (ASX) Chart |