Some interesting claims here. For a start, while having $700K as one-off costs paints a better picture, a company with $122K in the bank as of March 31 that's burning "only" $762K per quarter rather than $1462K per quarter is still in trouble. That's about 2 weeks of cash.
Another odd idea: their Slik investment, for a whopping 1/15 of Slik, is worth "in excess of $USD1M". Slik's ARR is around $660K - $730K according to that report. How is a company with around $700K of ARR worth $15M? Conventional startup metrics are 1.5-2x revenue.
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Last
0.6¢ |
Change
-0.004(40.0%) |
Mkt cap ! $609.5K | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 0.6¢ | $43.42K | 6.494M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 104311 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 856634 | 4 |
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| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| 1TT (ASX) Chart |