Maybe my perspective is a little different.
So, you raise a bunch of money and you invest in the future of the company with that money. Isn't spending what the money was raised for. The money gets put into new market directions. If you take that expenditure out, then you will probably make short term profit. But the money was invested in growth, not steady as she goes. Never mind the fact the cash is still there in PRO.
PRO have put a lot of effort into growth. When you grow in Tech you need to spend to grow that IP. It doesn't just happen and resources are really expensive at the moment.
So, next phase is selling into new market opportunities on the back of the development. Maybe we sit in on the call coming up and see what they say in that direction.
Just my two cents worth. 6 months can't hurt.
Ann: Preliminary Final Report, page-7
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Last
67.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.69M | |||
| Open | High | Low | Value | Volume |
| 67.5¢ | 67.5¢ | 67.5¢ | $48.93K | 72.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | 66.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 25000 | 1 |
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| Last trade - 14.15pm 08/11/2024 (20 minute delay) ? |
| PRO (ASX) Chart |