The company raises money from the Sh's and that money , in this instance, is to fund the losses of the company. The revenue generated from the company is used to produce the goods and the balance is used in corporate functions (ie wages)....without these raising's the company would of folded years ago...the biggest single net cost to this business is Maria's salary...its a lifestyle company and Maria's head is firmly in the trough chomping on all the Sh's money. Whatever happened to Slippery btw?
Company capped at $11m....cash of $9m...therefore EV of $2m???
Midkine and COVID 19, page-73
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Mkt cap ! $2.768M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $11.31K | 1.886M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1650000 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.6¢ | 915710 | 1 |
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| Last trade - 14.23pm 14/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.6¢ | 0.6¢ | 0.6¢ | 287949 | ||
| Last updated 14.34pm 14/06/2024 ? | |||||
| AN1 (ASX) Chart |