Price is shot.
The market still isn't fully informed in regards to;
SMRA application for GK
SMRA application for Sunny (who, when, application number?)
Who is manufacturer of Sunny products
Commencement of GK sales (diary powder products being stockpiled - other than infant formula)
Audited financials for Green Forest and Sunny
Wouldn't now be an appropriate time to issue these details, as the share price is now only 6c, hence there is only 6c it can fall. The purchase agreements will not be affected as the number of shares to be issued are limited to 40m and 35m (not $x converted to shares) I believe.
Lets get back to basics, inform the market, I would assume any further bad news could be shielded by the now low market cap of say $35m, while clarification of the above (plus other issues people have mentioned - I am happy for these issues to be repeated in this forum) would reduce the risk and bring the market cap back to a reasonable level.
We know JAT need to raise money, so lets get informed, take the pain if there is any now while the price is down (and hence pain is limited), and move on.
Issue an announcement, reduce the risk, get the price back to where it should be.
IMO DYOR
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Price is shot. The market still isn't fully informed in regards...
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Last
65.5¢ |
Change
0.005(0.77%) |
Mkt cap ! $54.53M |
Open | High | Low | Value | Volume |
68.0¢ | 68.0¢ | 65.5¢ | $4.733K | 7.113K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4342 | 63.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
68.0¢ | 3334 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4342 | 0.630 |
2 | 21129 | 0.620 |
3 | 14333 | 0.600 |
2 | 16888 | 0.590 |
3 | 8900 | 0.580 |
Price($) | Vol. | No. |
---|---|---|
0.680 | 3334 | 1 |
0.685 | 78255 | 1 |
0.690 | 7000 | 1 |
0.700 | 7142 | 1 |
0.705 | 7050 | 1 |
Last trade - 15.58pm 03/09/2024 (20 minute delay) ? |
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JAT (ASX) Chart |