Doubt that is true. They had over $500m of cash / cash equivalent at the end of quarter (good for at least 2 years, assuming similar net cash outflow). Alternatively, I'll conservatively say at least 1 year worth of cashflow since they are ramping up to operations in more states and in Canada too - but the size and scale of their operations by then will have benefits too in terms of brand recognition and trust in their technology and may even save them on incremental marketing costs. Share price could be higher too by then, if further capital is needed.
They have strategically tried to raise cash at less dilutive prices, so I suspect they may hold off if this is not desperately needed at this time.
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Last
88.5¢ |
Change
0.050(5.99%) |
Mkt cap ! $293.2M |
Open | High | Low | Value | Volume |
82.5¢ | 89.8¢ | 82.5¢ | $1.601M | 1.846M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 14669 | 87.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.5¢ | 320 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6567 | 0.875 |
2 | 23247 | 0.860 |
1 | 11764 | 0.850 |
1 | 17000 | 0.835 |
3 | 83923 | 0.825 |
Price($) | Vol. | No. |
---|---|---|
0.885 | 320 | 1 |
0.890 | 4020 | 1 |
0.895 | 7000 | 1 |
0.900 | 57086 | 5 |
0.910 | 1374 | 2 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
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