For me the issue is that in October QHL announced a capital raising of $22 Million and as of this 4C there is $7.659 Million left which at the current cash burn rate, on the numbers, is less than 6 months worth; that's why the SP was smashed yesterday.
What happened to the $22 Million?
..$5 Million was used to repay Newmarket and EFIC
..$ $2 Million in inventory
..$3 Million in debtors
..$3 Million in Capex.
.....
Ann: Quickstep June 2016 Quarterly Report and Appendix 4C-QHL.AX, page-14
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Last
26.5¢ |
Change
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Mkt cap ! $19.00M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.5¢ | 26.0¢ | $15.10K | 56.58K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 472 | 26.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 35129 | 3 |
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