I think the fact that Premier Body Armour is on back order is a good sign, surely they will order a bigger amount now. Plus the 3 new customers.
The line of credit of $3mil should mean they will be ok for a few quarters, plenty of time to see the new revenue streams coming online. The initial $1.1m is based on eligible inventories and receivables, which is enough for now. As inventories and receivables go up the line of credit can increase up to $5mil.
Colinton Capital (Simon Colinton Moore on the board) and CEO are heavily invested in this, it's a good sign that they think debt is cheaper than equity at this point.
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I think the fact that Premier Body Armour is on back order is a...
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $17.18M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $642 | 58.39K |
Buyers (Bids)
No. | Vol. | Price($) |
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8 | 9808022 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.2¢ | 307674 | 6 |
View Market Depth
No. | Vol. | Price($) |
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8 | 9808022 | 0.010 |
3 | 460099 | 0.009 |
2 | 182600 | 0.008 |
3 | 557714 | 0.007 |
1 | 1000000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 307674 | 6 |
0.013 | 455818 | 7 |
0.014 | 134311 | 1 |
0.015 | 1175046 | 4 |
0.017 | 106500 | 2 |
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