@DoriansMirror
I've floated this with a couple of my investor mates, and between us the concerns we were thinking were:
- Runway:
The current spend to assets means that we could run out of money and need to go for a capital raise before sales. If that happens we'll have a devaluation. A lot of pro traders will be waiting to see if that's going to be the case, and buy after the devaluation so they maximise return.
- Production Scale
Right now, they're producing a very small amount, and getting the scale needs to be proved before any serious orders can come in. There's a big difference between a production line that can produce enough for a few hundred orders and one that can produce enough for 1% of The GAP's clothes. Until the production plant is actually operational, this is still a risk.
- Long term Quality of fibre is still unknown (my guess)
Purely guessing here, but I would say that big buyers need certainty of product, so even if Alfie's got the interest of the major players, they'd only be wanting to buy enough to test for a small run. Until they've had them in use for a little while and gained some certainty they're not going to be putting in any massive orders, so sales / market cap will depend on it.
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Last
2.3¢ |
Change
0.002(9.52%) |
Mkt cap ! $3.956M |
Open | High | Low | Value | Volume |
2.1¢ | 2.3¢ | 2.1¢ | $1.134K | 51.86K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 496600 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 7500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 496600 | 0.020 |
1 | 78947 | 0.019 |
2 | 108166 | 0.018 |
1 | 103305 | 0.017 |
1 | 125000 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 7500 | 1 |
0.024 | 20000 | 1 |
0.026 | 35100 | 2 |
0.028 | 70000 | 1 |
0.029 | 376191 | 2 |
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