The company has $3.2M in the bank and the major shareholders have shown they are willing to tip in funds.
Furthermore, the cash position is no different to the situation 100s of microcaps have been in before that have not gone into administration or liquidation.
So what makes you think the company will go into administration?
New website looks pretty impressive..., page-9
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $3.484M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.5¢ | $4.668K | 25.96K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20125 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 43485 | 3 |
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| Last trade - 15.33pm 16/08/2024 (20 minute delay) ? |
| FMR (ASX) Chart |