You miss nothing! They are pumping....
...and the recent announcement of changing their billing time frame from advance to arrears is just to give them 3- 6 months breathing space - if it was that material surely they could put a number on it.
They don't have enough money to get through the December quarter after an R&D rebate and current cash holdings ($400k vs. $500k outflow forecast and lets say $100k in cash receipts).
Look at Cashels "portfolio rebalancing" announcements late last month and I bet later this month - buying & selling but happen to be selling more than they buying at better prices.
Absolute con job.
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $106.8M |
Open | High | Low | Value | Volume |
17.0¢ | 18.0¢ | 17.0¢ | $12.06K | 70.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 15972 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 0.175 |
1 | 65495 | 0.170 |
3 | 115757 | 0.165 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 15972 | 1 |
0.185 | 72490 | 1 |
0.190 | 43175 | 2 |
0.205 | 9882 | 2 |
0.270 | 92000 | 1 |
Last trade - 10.22am 20/08/2024 (20 minute delay) ? |
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IOD (ASX) Chart |