Before they can even consider any offer, they will first need to deal with their cash flow issue first. Currently they are insolvent or about to be insolvent.
My guess is they will try to do an emergency raise now at mates rates to the sharks. 5c to 6c with 1:1 options for around $5m.
Once they get some cash in their bank, they can look at financing options again. But any Plan B offers which was previously on the table would have changed, the terms would have gone worse knowing that there is no where else for CYM to navigate around. And I'm talking interest rate of 20% to 30%.
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Last
3.7¢ |
Change
0.005(15.6%) |
Mkt cap ! $56.46M |
Open | High | Low | Value | Volume |
3.3¢ | 3.8¢ | 3.3¢ | $145.4K | 4.071M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 142724 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 176118 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 142724 | 0.036 |
3 | 206303 | 0.035 |
2 | 228409 | 0.033 |
4 | 1468780 | 0.032 |
2 | 5000 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 176118 | 2 |
0.038 | 721845 | 3 |
0.039 | 640000 | 2 |
0.040 | 901062 | 4 |
0.041 | 377200 | 2 |
Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
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