I doubt it. and even if it was it would have to be massive. expenses are $600k a quarter without even servicing large orders. so if margins are say 50% (optimistic), it would be to be a $1.2m quarter just to fend off a capital raise for 1 quarter.
however, I 99.9999% guarantee. that Whitney will use any slight bump in share price or volume to launch another capital raise. she knows the company isn't with much and needs cash. so any pump in stock price will be met with an opportunistic capital raise.
for newbies (like me), page-105
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Last
1.5¢ |
Change
0.001(7.14%) |
Mkt cap ! $10.54M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.5¢ | $4.824K | 321.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1497163 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 234800 | 2 |
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| Last trade - 14.56pm 17/07/2024 (20 minute delay) ? |
| 1CG (ASX) Chart |