I am conflicted as to where i stand on the prospects of a new deal in the near term.
On the one hand, they have been touting late stage deals / expansive marketing talks for some time which obviously bodes well for another deal.
On the other, if there was an 'imment' deal in the pipeline (say within 2 months) which management were confident of closing, why wouldnt they delay the cap raise until next year and raise off the back of an announcement at a (hopefully) higher share price?
I am also conscious that prospective clients (i.e. banks) have a vested interest in the company being well capitalised. They will not want to be dealing with a micro-cap fintech which could become insolvent whilst rolling out the regtech systems (which is effectively what happened at the beginning of the year). This would create a bit of a chicken and egg scenario as to the timing of a deal / capital raise. Given this I think the raise can really only serve to strengthen the companies marketing pitch.
Lots of factors at play but i remain cautiously optimistic about 2021.
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1.1¢ |
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Mkt cap ! $6.615M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.1¢ | $3.091K | 273.6K |
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No. | Vol. | Price($) |
---|---|---|
3 | 239249 | 1.1¢ |
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Price($) | Vol. | No. |
---|---|---|
1.2¢ | 143877 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 148340 | 0.011 |
3 | 1375000 | 0.010 |
4 | 760940 | 0.009 |
12 | 4410776 | 0.008 |
3 | 3800000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 143877 | 1 |
0.013 | 166666 | 2 |
0.015 | 252150 | 2 |
0.016 | 175000 | 1 |
0.017 | 150000 | 1 |
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