Sure, I'll have a go at answering.
$6m (before the bankers and lawyers take their fees), isn't actually a huge amount of capital to raise, so wouldn't call it a heavy investment.
Your comment is based on the assumption that all of the funds will be used for product development of their online platform. I disagree with this assertion, as their online product was built 5 years ago and has been gradually iterated since. Some funds will likely be used to assist in scalability, but the past 6 weeks have shown that the current software is more than capable to deliver. I think minimal funds will be used on product dev.
My assertion seems to be accurate when quoting this line from the latest update "KME intends to substantially increase its marketing of Kip Online and hire additional personnel".
All in all, I believe this is a fantastic move. Management have seen an opportunity and are going for it guns blazing. I doubled my holding this morning.
Sure, I'll have a go at answering.$6m (before the bankers and...
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Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $23.87M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.0¢ | 41.0¢ | $3.479K | 8.333K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 87150 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 11209 | 1 |
View Market Depth
| Last trade - 15.31pm 23/08/2024 (20 minute delay) ? |
| KME (ASX) Chart |