I can’t believe how badly this management team have stuffed this all up. My investment has gone south as has my belief in this team.
Cash is king Ken. $63m cash at end of June with current liabilities of $59m left sweet FA in the kitty Ken. I knew the yearly wasn’t going to paint a good picture but didn’t think it would be as disastrous as it is.
The BOD knew months ago that customer demand for our product was not there and our sales forecast wasn’t looking good.
The project sell-down process was just downright weird. Always felt like we were on the back foot with our cap in hand to potential suitors and turns out as time went on we were.
To top it off, we use Macquarie, the same team that couldn’t fill our hat in the first place, to put the hat out again to raise funds to survive.
Well fark me, you well and truely have.
I can’t believe how badly this management team have stuffed this...
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$2.79 |
Change
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Mkt cap ! $8.398B | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.92 | $2.79 | $56.11M | 19.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 43 | 231594 | $2.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.80 | 28889 | 3 |
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