It means should these deals ever consumate that at current levels existing shareholders will be very heavily diluted, all to access $1m in EBITDA from the two businesses.
How on earth this Company can access debt funding, as it claims it can - although the persistent delays in executing paperwork suggests that they dont really have a deal - when it itself has a cash balance that leaves it hanging by a thread quarter to quarter, barely any organic growth, no CEO, yet to achieve positive cashflow, owes the ATO $1.2m with half of that current and needs debt funding about 2x the current market cap stretches credibility.
- Forums
- ASX - By Stock
- Good to see Volume is returning
It means should these deals ever consumate that at current...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NNG (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.046M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
NNG (ASX) Chart |
Day chart unavailable
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O’Donovan, Executive Director
Gerard O’Donovan
Executive Director
SPONSORED BY The Market Online