HMD 5.56% 1.9¢ heramed limited

Ann: Proposed issue of securities - HMD, page-37

  1. 2,233 Posts.
    lightbulb Created with Sketch. 913

    I guess that’s the craziest bit of all… no one cancelled any contractual terms… not that $14k revenue last quarter was much to pull the pin on…

    from here, it is kind of shit however… from here HMD is a very cheap start up with 12 months runway and enough issues capital to create plenty of liquidity. There is a brand new board and the founders have been effectively diluted to oblivion. If you look at HMD as priced at $6m and $2.5m or so in the bank with $200k USD about to hit the tin then it isn’t all that bad. If you are in a position where you’re average price is many multiples of the current price then it is a more than a bit rubbish however it is still an ongoing concern and might just find some traction to 2-3c and beyond.

    Slightly different but once upon a time there was a very blue chip business named Burns Philp, there was a lightning raid by a kiwi businessman and a takeover at $2.54/share… ended up worth 18c or so after revelations of horrific accounting and basically corruption… Steve Hart had a career defining moment and ended out as a billionaire. Dunno mate… might just all swing around
 
watchlist Created with Sketch. Add HMD (ASX) to my watchlist
(20min delay)
Last
1.9¢
Change
0.001(5.56%)
Mkt cap ! $12.03M
Open High Low Value Volume
1.9¢ 1.9¢ 1.9¢ $950 50K

Buyers (Bids)

No. Vol. Price($)
2 213674 1.9¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 500 1
View Market Depth
Last trade - 15.29pm 25/07/2024 (20 minute delay) ?
HMD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.