IMO this is not a voluntary decision, it was forced as they have run out of money. They would have waited for the adjusted DMO it they could, but they couldn't meet AEMO's requirements. Aprils quarterly report - $5 million was held on deposit against credit support bank guarantees required by the Australian Energy Market Operator. They would not have been able to get any more $$$ to meet the wholesale market increase. They release 5M held in deposits when they ditch 20k customers. There is no way possible 25k embedded customers can support the rest of the debt they owe to Black Rock. And with some stiff competition in the embedded market with established company's like Altogether, no one will have the confidence to sign with these cowboys again. I could be totally wrong but I'm sure it will all unfold soon enough.
IMO this is not a voluntary decision, it was forced as they have...
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.72M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.5¢ | $1.237K | 10.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 91731 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 481702 | 4 |
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| Last trade - 15.15pm 24/07/2024 (20 minute delay) ? |
| LPE (ASX) Chart |