I hope you're right.
I despise CM8 having to fork out 15% interest to Track guys year after year...
I despise CM8 having to wait 90-120 days for telcos to pay up, and I despise banks refusing to give CM8 a working capital loan at acceptable bank interest rates to cover this very safe timing issue.
And I would love CM8 to clear that convertible note loan early.
So a cap raise at a premium would make me happy, as would a rights issue at a heavily discounted price...but only if money raised is used to clear the debt and to help CM8 win a small, regular bank loan to cover the time gap between payables and receivables.
(And I wish the telcos could be somehow made to pay up sooner...)
I hope you're right. I despise CM8 having to fork out 15%...
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Last
1.6¢ |
Change
0.001(6.67%) |
Mkt cap ! $19.64M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.4¢ | $30.03K | 1.949M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2249378 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 361040 | 4 |
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| UNT (ASX) Chart |