By all means, but can I pose this to you. If the SP is 6c on the open market or less would you take up the spp? Imo you will essentially be giving your $$$ to Nov Direct. Do you think they are worth giving your $$ to, considering their history? For what purpose, as they have indicated, working capital! Please elaborate Nov!
90 percent down should tell you something, I know it certainly does for me.
secondly if they thought they would be cashflow positive by June and sustain some working capital from that date then what's the need for a cap raise? They know even if cash flow positive they will need $$ to pay for salaries etc after June as it won't self sustain due to the bod's digging a hole, that cannot be filled, which attributes to nothing more than greed to a point imo. Tell me what have they done for you since owning a slice? additionally look at the options strike price. Their confidence is doughnuts as a reflection of their own conviction on this stock going anywhere but south.
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By all means, but can I pose this to you. If the SP is 6c on the...
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Last
4.7¢ |
Change
-0.002(4.08%) |
Mkt cap ! $16.72M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.7¢ | $7.198K | 149.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 132138 | 4.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.8¢ | 80446 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 132138 | 0.047 |
1 | 25000 | 0.046 |
1 | 25000 | 0.045 |
1 | 22727 | 0.044 |
1 | 13500 | 0.041 |
Price($) | Vol. | No. |
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0.048 | 80446 | 1 |
0.050 | 65435 | 2 |
0.051 | 178836 | 3 |
0.052 | 17281 | 2 |
0.055 | 31000 | 1 |
Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Change
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Open | High | Low | Volume | ||
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Last updated 15.49pm 27/05/2024 ? |
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