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stardestr0yer

7,936 Posts.

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29/02/24

18:01

Post #: 72678040
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Originally posted by JTCube: ↑

So the timing of the CR is quite “interesting”. Yes, the company needed money so it was question of time, BUT if you had slightest chance to show any positive trend to support the share price and mainly the outlook, you would likely delay the CR couple of months later. And so my view is:

1. MASS SPECC revenue is not to flow in anytime soon, at least not within next 1-2 months. As if you could have shown at least minimal growth in revenue month on month, it would be better to wait and possibly raise at premium with the prospect of the business taking off.

2. the CR has been decided in a rush seeing share price falling and absolutely nothing to prop it up with a good announcement in short term.

3. the expectation its not going to do that well in short term is supported by zero buying on market by company directors ahead to it.

and the “awesome” 0.1$ per transaction revenue is just a carrot that we are supposed to look at. But the revenue of 100-1000 $ from will not cut it when it comes to directors salaries.

All IMO.

JTC

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Someone who finally gets it

PIL Price at posting: 1.6¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 1.0¢		Change 0.001(11.1%)		Mkt cap ! $19.09M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$450	45K

Buyers (Bids)

No.	Vol.	Price($)
1	600000	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	1681546	6

View Market Depth

No.	Vol.	Price($)
1	600000	0.010
12	5685569	0.009
15	8057500	0.008
25	9797558	0.007
13	8345498	0.006

Price($)	Vol.	No.
0.011	1681546	6
0.012	2877159	9
0.013	1608822	5
0.014	6255816	11
0.015	2720032	9

Last trade - 10.06am 28/05/2024 (20 minute delay)


Last 1.0¢			Change 0.001 ( 0.00 %)
Open	High		Low	Volume
1.0¢	1.1¢		1.0¢	801500
Last updated 10.33am 28/05/2024 ?

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