ALA 9.09% 12.0¢ arovella therapeutics limited

End of period cash balance of $5.47m.As far as I am concerned...

  1. 362 Posts.
    lightbulb Created with Sketch. 278
    End of period cash balance of $5.47m.

    As far as I am concerned they don't need that cash or actually have it until the EGM resolution is passed:

    https://hotcopper.com.au/data/attachments/2838/2838632-e3cf7b50bf9228f569ea8e744b64d7a1.jpg
    Why the hell should shareholders approve pumping more cash into Oromist if it doesn't work or generate any revenue?? Its a money pit.

    If it's to fund an acquisition, announce the acquisition and then let us decide if we want to support it or not with a CR.

    Get your votes in against the resolutions, this is a joke.

    https://hotcopper.com.au/data/attachments/2838/2838701-44f7d8f65ede3ded5149cb52e427af56.jpg

 
watchlist Created with Sketch. Add ALA (ASX) to my watchlist
(20min delay)
Last
12.0¢
Change
0.010(9.09%)
Mkt cap ! $126.0M
Open High Low Value Volume
11.5¢ 12.0¢ 11.3¢ $73.79K 627.5K

Buyers (Bids)

No. Vol. Price($)
5 709692 11.5¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 976576 11
View Market Depth
Last trade - 16.10pm 31/05/2024 (20 minute delay) ?
Last
12.0¢
  Change
0.010 ( 4.35 %)
Open High Low Volume
11.5¢ 12.0¢ 11.5¢ 568926
Last updated 15.39pm 31/05/2024 ?
ALA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.