Many startups are failing and few do well. This maybe one of the good ones and has a lot of potential, it at some point needs cash in the bank and strong profitability that will ultimately see any company do well.
I could name dozens that went up on blue sky potential and came crashing down. These sate just a few that went up 10 and 20 fold but never made it. RFN, 1PG, ZIP, XPE, NSE, etc etc.
One thing this company has going for it is a tight register.
Yes different industry's however until a business has a proven track record for delivering a cash flow positive business the share price is not guaranteed or de-risked.
Chart, page-57
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $129.1M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $6.669K | 54.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 423146 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 54363 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| FLC (ASX) Chart |