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44.5¢ bikeexchange limited

Ann: Placement and Non-Renounceable Entitlement Offer, page-10

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Dumaguete22

7,610 Posts.

1084

11/06/22

08:36

Post #: 61953483
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Originally posted by Klue: ↑

A sign of things to come for many of these smaller listed companies running on the smell of an oily rag. Nasty dilution there. There would be some value in the business for someone you would think, but with the high burn rate and competitive market they are in it is hard to see the value being there for us mere plebs.

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Be costing a fortune to fund Team Bike Exchange

Originally posted by pski: ↑

$6m raise will last 2qtrs at the current burn rate. They needed to raise $12m and reduce burn down to about $1m a quarter in the short term

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BEX Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
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