Can you please stop. MEL are not cashflow negative at this stage. Based on the most recently advised figures they would be generating circa $700k revenue per quarter, putting them ~$40k in the black.
This is appraisal - understand the business model before you rubbish it.
Ann: Retail Entitlement Offer Information, page-17
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| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 940000 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.3¢ | 1727547 | 2 |
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| Last trade - 10.06am 03/06/2024 (20 minute delay) ? |
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| 1.3¢ | 1.3¢ | 1.3¢ | 377552 | ||
| Last updated 10.24am 03/06/2024 ? | |||||
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