Although they are aiming for $4m, however I believe they will continue with whatever they could get. So future CR is not unthinkable if they do not hit the target. Apart from giving them some breathing space, I don't think capital raising will solve the fundamental problem. That is, even if they get a new client it takes months to generate any decent revenue from them. Meanwhile everyone needs to draw salaries. Not sure what alternate strategy they can adopt at this point. Maybe offer bigger incentives to Labcon and other distributors. Revenue is the key now. Shareholders can fund short term loss if they can see revenue is growing. Lab numbers have only grown by 4 or 5 since March 2023 as per the chart provided. 5 new labs in 11 months with all that sales and marketing spend, how can anyone believe their growth story?
- Forums
- ASX - By Stock
- Ann: Open Briefing
Although they are aiming for $4m, however I believe they will...
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BCT (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.616M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 8799208 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 1777333 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 8799208 | 0.002 |
10 | 8570499 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 1777333 | 2 |
0.004 | 2411261 | 5 |
0.005 | 2842469 | 6 |
0.006 | 2321045 | 5 |
0.007 | 630570 | 3 |
Last trade - 14.18pm 30/09/2024 (20 minute delay) ? |
Featured News
BCT (ASX) Chart |
Day chart unavailable