Read these two paragraphs together and they paint a hanging-on-by-knifes-edge type of picture:
"(Axiom Properties) cash reserves for the June quarter decreased by $852,000 and theCompany held cash reserves of $966,000 as at 30 June 2024"
"Sophisticated and Professional Investors provided a $2m unsecured loan to theCompany to support the acquisition of ListSure, the terms of which are set out inthe Appendix 4C. After quarter end, Sophisticated and Professional Investorsprovided a further $1m unsecured loan to support the Company."
Unsecured loans of a combined $3m cannot be cheap, nor easy to come by. AND given the alleged fiasco that was the attempted recapitalization of Openn Negotiation (OPNN) I sure as heck hope that Ben Laurance and the board of John Howe, Liu Ying Chun and Doris Chung Gim Lian know what they are doing.
Knifes-edge people, knifes edge.
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Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.952M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300000 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 215 | 1 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
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