SP3
The company is going to need funds to operate until it can get revenue. The qualified audit report casts doubt on the companies ability to raise funds.
The half yearly reports show that the company is burning $2m every 6 months. At the current burn rate for the company to last until it could generate revenue it seems to need between $4-$6 mill, presuming it will take another 6-9 months to finalise any deal (not just get an MOU)
The fortrend deal could possibly be under water at the current share price.
I would imagine that it would require a significant sum to do the legals,and due diligence etc.
SP3The company is going to need funds to operate until it can...
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $9.698K | 3.232M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 27114353 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 3856813 | 4 |
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