Wow. What an insane amount of dilution.
They are raising yet another round of capital as recently announced and also converting a serious amount of debt to equity.
This is killing existing holders of script.
The market cap will go from $7m to almost 3 times that so upon completion I estimate the share price should accurately reflect the current value at around 2-2.5 c
This still has some way to fall.
Management have been telling me for some time that they are close to break even but I just don’t see it before they run out of cash, for what..... the fifth time in its short life.
10x
Wow. What an insane amount of dilution. They are raising yet...
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.231M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 659927 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 400000 | 1 |
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| Last trade - 16.21pm 31/07/2025 (20 minute delay) ? |
| AU1 (ASX) Chart |
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