Crazy thought, but perhaps there is no need for immediate capital. They completed an R&D return and should now have enough to kick through the next few months, depending on marketing spend.
You can't skimp on marketing spend in this industry. Spending approx $2mill a quarter. Cash at end of December was $2.7mill. Same spend would mean now $0.7mill as at end of March. R&D tax claim around $1mill (has it been received yet?). Whichever way you look at it they're into their last quarter of cash on hand.
They need money and the market knows it.
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Crazy thought, but perhaps there is no need for immediate...
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Mkt cap ! $3.246M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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12 | 13457151 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 12197609 | 10 |
View Market Depth
No. | Vol. | Price($) |
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12 | 13457151 | 0.003 |
17 | 11862472 | 0.002 |
7 | 13999950 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 12197609 | 10 |
0.005 | 5706398 | 13 |
0.006 | 5910649 | 9 |
0.007 | 509874 | 2 |
0.008 | 1998203 | 6 |
Last trade - 16.12pm 06/09/2024 (20 minute delay) ? |
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