CR is very likely on the cards. I'm expecting it after the next quarterly when we get to see the impact of the recent deals we have landed. This will take us into the 40-50c range. So if they do a CR then, it may be for around the 35-40c range. If I hadn't bought into this company yet, I'd be accumulating between 22-24c as this seems to be the resistance line.
So yes, CR most definitely on the cards, even if we become cash positive by end of 2020. This is because the business will need money to continue to grow and expand to meet its demand. CR's are not always a negative.
Finally, if things play out as I suspect and we don't get a CR until after the quarterly, buying now will still put you at an advantage as you'll be buying in probably 30-40% cheaper than the CR price. PLUS you'll be able to participate in the CR which I'm 100% sure will be heavily oversubscribed and you'll be lucky to get 10-20% of what you ask for.
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $19.32M |
Open | High | Low | Value | Volume |
0.8¢ | 0.9¢ | 0.7¢ | $104.0K | 13.00M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 3650000 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 11993158 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 3650000 | 0.008 |
17 | 8823327 | 0.007 |
22 | 9305331 | 0.006 |
13 | 27764079 | 0.005 |
9 | 32794069 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 8957675 | 12 |
0.010 | 7824436 | 13 |
0.011 | 14082818 | 10 |
0.012 | 2416000 | 3 |
0.013 | 7198091 | 5 |
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