Bought more today at 0.9c

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01/03/21

15:21

Post #: 51423182
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Originally posted by joshwilliams142: ↑

The integrations had already been sorted within a month or two of the initial announcement early last year. They came out recently and said that they weren't charging any of their customers and that all new sign ons got a free trial of 3-6 months, meaning no revenue for at LEAST 7-9 months..

There is literally no way that they can continue as a business with no income, especially to drag them out to the point where they will be generating enough to sustain themselves. My issue with the CR is that it is going to have to be at such a massive discount as anyone can see how much the SP has tanked since the last CR, and even now the SP is only at 0.008..

What are they going to do? Raise at 0.006? That would be nothing but a massive middle finger to every holder that has been interested in them, and willing to back them for the last year.. They had a good chance last week after this got pumped to announce a CR at a reasonable price but it looks like they may have missed the boat and a lot of holders are going to get stung.

I still want to get back in, but even at 0.006 I would be hesitant as there's no money in the bank and a CR raise at 0.006 would HURT

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Bought more today at 0.9c

AO1 Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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Bought more today at 0.9c

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Bought more today at 0.9c

Top Stories

Ionic Rare Earths falls -7% as momentum slips on vague production update

HotCopper Trends: Wall of quarterlies dominate; then there's Micro-X & Ionic

ASX Market Close: Index rebounds as investors buoyant | July 30, 2025

Haranga jumps +7% on Lincoln acquisition

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