The funds are backed by an asset and they get a lot of free shares and a hefty interest rate. So the risk to the lender is quite minimal.
You can't assume the lender knows things we don't as management has to disclose material information which it hasn't announced any new distribution arrangements or any news of uganic. I too was hopefull about new arrangements but we gotta stick to the facts :
- uganic delayed by months
- quarterly loss is bleeding out cash balance
cap raise likely in next 12 months with current burn rate unless substantial arrangements come on board
-China might not issue SAMR in a long time or at all as they are wanting to reduce foreign competition
-no news on stocking uganic in major retail companies announced in January yet they said they were in final negotiations
why stick to this stock ? I'm genuinely curious. I bit the bullet as can't ignore these facts
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.23M |
Open | High | Low | Value | Volume |
1.8¢ | 2.0¢ | 1.7¢ | $51.77K | 3.004M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 71328 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 28118 | 1 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
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