Mak, I share your overall concerns, but my direct concern is that if cash burn continues at about $2 million per quarter and expected 1H14 revenues fail to materialize, then by mid-year the coy may fail to meet the "going concern" test which generally requires that a coy can show it has assets sufficient to continue operations for no less than 12 months.
No problem now, but in six to nine months? I think the market is factoring in this prospect. If I were management, I would be working very hard to book a deal with up front money - and soon.
poh has a new board, page-55
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AVE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $6.338M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $2.634K | 1.064M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 92244418 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 60312650 | 22 |
View Market Depth
| Last trade - 13.20pm 26/08/2024 (20 minute delay) ? |
| AVE (ASX) Chart |