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5.26%

2.0¢ spectur limited

As a long term, loyal holder and believer in the business it is...

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thenipisme

1,868 Posts.

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23/04/24

09:44

Post #: 73469747
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Originally posted by SteveSage: ↑

so despite having ~900k in cash at Dec23, it appears that the cashflow in 3Q24 was not sufficient (or did not give the board comfort) that they could pay this back from cash.

Great that they have paid back this loan, but again via dilution at 2c

Also not sure why the rush to repay; EGP had provided a 'discount' of $20k if they paid back by the end of June, so mgmt believed things had inproved in 2H they could have gambled that the market would have recognised that via a higher share price and less dilution, but perhaps the bird in hand etc

perhaps reading too much into the tea leaves here, but it does seem like no significant change in cashflow to pay this back.......big question at what point does this support itself financially because the dilution route seems to be coming to an end....4.8m MC says it all!

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As a long term, loyal holder and believer in the business it is disappointing they have gone in this direction......

The Board have a lot to answer for at present, and if the upcoming Quarterly is less than impressive I'll be rethinking my investment within the company

SP3 Price at posting: 2.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.0¢		Change 0.001(5.26%)		Mkt cap ! $5.349M

Open	High	Low	Value	Volume
1.9¢	2.0¢	1.9¢	$10.95K	550K

Buyers (Bids)

No.	Vol.	Price($)
3	546447	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	403800	1

View Market Depth

No.	Vol.	Price($)
3	546447	0.018
4	1158050	0.017
2	335000	0.016
2	400000	0.015
1	131556	0.014

Price($)	Vol.	No.
0.021	403800	1
0.025	40000	1
0.031	31580	1
0.034	7000	1
0.045	11905	1

Last trade - 15.41pm 11/07/2024 (20 minute delay)

SP3 (ASX) Chart