His mantra is to not let the facts get in the way of a good fantasy story. As all are aware, there have been hundreds of them since POS bought LJ and BS in late 2014.
In the last quarterly report, it is all clearly stated what the company's financial position was and their intentions on how to make up any cash shortfalls.
Cash $7,065 mill,. (NOT $10 mill)
Estimated Quarters of current funding= 1.6 quarters.
As I mentioned in October 2023, I expected a CR sometime in Q1 calender year 2024. Perhaps an asset sale may temporarily delay that eventual outcome.
POS clearly stated that cash would be derived from......
" The Company is prepared to undertake a capital raising and/or an asset sale asand when required."
Seems fairly clear to me. Perhaps tycoons have other reading skills I'm unaware of.
His mantra is to not let the facts get in the way of a good...
Add POS (ASX) to my watchlist
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Last
0.7¢ |
Change
0.001(8.33%) |
Mkt cap ! $24.13M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $12.36K | 1.930M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 71 | 51586183 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 21209915 | 50 |
View Market Depth
| Last trade - 15.13pm 02/05/2024 (20 minute delay) ? |
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Last
0.6¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 0.6¢ | 0.7¢ | 0.6¢ | 2628152 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| POS (ASX) Chart |