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
5.5¢ |
Change
0.002(3.77%) |
Mkt cap ! $16.13M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.2¢ | $19.68K | 371.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 113843 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 19999 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
5.3¢ |
Change
0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 5.3¢ | 5.3¢ | 5.3¢ | 154844 | ||
| Last updated 15.36pm 13/06/2024 ? | |||||
| CY5 (ASX) Chart |