The shares coming out of escrow are owned by founders - as such even if they decide to sell (which, in my opinion, is unlikely) they won’t do so on market, so I can’t see the impact argument regarding supply increasing.
I hear you in relation to cash burn, but if you were in management and shareholders could easily see that this was an issue wouldn’t you adjust costs accordingly?
The shares coming out of escrow are owned by founders - as such...
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Last
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Mkt cap ! $5.285M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 17093450 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.5¢ | 11289662 | 22 |
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| Last trade - 15.58pm 07/06/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| 0.4¢ | 0.4¢ | 0.4¢ | 52600 | ||
| Last updated 15.29pm 07/06/2024 ? | |||||
| EXL (ASX) Chart |