That’s actually a really interesting analogy…although niaive at worst and on point at best.
Much like anticipating revenue streams against a mine that needs to succeed in procuring a product at scaleable and profit returning value in order to satisfy a much larger than “blow up dolls” debt ! Let’s hope buyers “subscribe” to the procured product otherwise the debt also blows up.
Thus confirming - the statement heading - “flush with cash” is actually more appropriately defined as ”flush with debt”. The money WKT holds is 100% encumbered debt. Not free cash at bank. Therefore you have merely assisted in confirming the obvious in that the thread headline statement is misleading. Thank you.
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Flushed with cash., page-19
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $77.19M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.5¢ | $4.715K | 41K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 574750 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 26406 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 574750 | 0.110 |
5 | 632988 | 0.105 |
16 | 838619 | 0.100 |
1 | 20000 | 0.099 |
1 | 5000 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 26406 | 2 |
0.120 | 475997 | 10 |
0.125 | 738059 | 13 |
0.130 | 290789 | 8 |
0.135 | 458027 | 6 |
Last trade - 10.09am 27/06/2024 (20 minute delay) ? |
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