Wow, you've only used your favourite new word once in that post
Anyway, based on the cash on hand as at 30/9/23 + R&D rebate + Cap's placement SPX will have approx $16.5m cash to use between now and June 2024.
The Sept 4C showed a net cash burn of $1.472m. Therefore, assuming that revenue doesn't increase and expenses remain constant from the Sept 4C levels, SPX should have $12.1m cash on hand as at 30/6/24.
If SPX had $0 revenue for the rest of the year, they'd still have circa $9.9m cash on hand at the end of the year, or close to 5 quarters of expenses (with $0 revenue).
Also, I didn't even mention 'HUGEEEE' revenue, or even that revenue will increase. Rather, I just pointed to the actual cash on hand and the known cash incoming other than from revenue. My actual point was that if you think they'll perform so badly that they'll need to do a CR by June 2024, then the SP will no doubt not recover above your 1.2c buy price.
"I’m very confident right now I’ll be selling it on the next rinse and repeat pump at 15, like the 10 other times"
Except that the last one you sold at 1c, not 1.5c, and then you bought back in at 1.2c
"You don’t make much sense obtuse boy"
On the contrary, my previous post and this both make lots of sense. It seems that your failure to read the announcements, including the last 4C, is clouding your judgment as to what does and does not make sense.
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Mkt cap ! $43.24M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $1.243K | 124.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 4940053 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 1702747 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 4940053 | 0.009 |
11 | 4092500 | 0.008 |
11 | 11083088 | 0.007 |
5 | 5600000 | 0.006 |
6 | 9350001 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 1702747 | 8 |
0.011 | 5851958 | 11 |
0.012 | 9191667 | 17 |
0.013 | 4016673 | 6 |
0.014 | 4209500 | 7 |
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