Been said on here multiple times, but worth re-iterating, if you read the last 4C without reading the opening para it appears they have no cash. If you do read the opening para:
- The Company held $330K in cash as at 30 June 2020. (why it looks like the have no cash)
- Completed the Share Purchase Plan, raising $500K while being heavily subscribed (which
settled in July 2020). Further investor interest was accommodated by way of a placement in
the amount of $437K (which closed in July 2020).
So $937k settled post 4C. This should be plenty to see the share price a long way north of here, at which time they could raise more, but with very little dilution.
Chart - CPT, page-44
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.27M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $13.05K | 1.450M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4800000 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 13408788 | 14 |
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| Last trade - 13.05pm 29/07/2024 (20 minute delay) ? |
| EXT (ASX) Chart |