There is wide coverage of our company in the media about how good it is but no one seems to be buying it. The cash burn rate has not improved and if it continues at the same pace we will run out of money in 12 months. What then? Capital raising? If the board decides to do it now we could get away with 50 cents a share. If they wait too long, I fear the share price will be much lower leading to significant dilution. Then again, I might be wrong, heaven forbid the company might start making a profit.
I have a bad feeling about this. You know the one where the company you have invested in is on the verge of the make or break precipice. 2012 will certainly be a defining year for IPD.
frustration
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Last
6.4¢ |
Change
-0.002(3.03%) |
Mkt cap ! $129.4M | |||
| Open | High | Low | Value | Volume |
| 6.8¢ | 7.0¢ | 6.2¢ | $302.9K | 4.656M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 472601 | 6.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.6¢ | 249356 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| IPD (ASX) Chart |