Constant fear of incoming capital raising has caused everyone to vacate and wont resolve until current mgmt can bring us to break even, LTH have been sunk with dilution after being told good things coming.
Triton are dodgey as F and completely unprofessional saying theyd even fund us initially for them to then pull out over 'tax obligations' or whatever BS they spun. Glad theyre gone.
We now have absolutely 0 interest from retail investors which is shown in recent trading activities (5k in trades a day?? LOL) so is up to the business to prove they arent the dog water everyone thinks they are.
Obviously plenty of fund cash on the sidelines but no ones will take a position until we break even with kaddy showing real growth.
Miracle says all sides of the industry needs something like kaddy so we have to be patient until team can make the product good enough for mainstream adoption. Could take years.
The good thing is compared to other asx micros, our financials are actually quite good compared to some ive been looking at(talking 50k revenue and 700k staff costs alone)
Plus current macroeconomics make it very difficult for start ups, likely another rate rise before it drops. I may be the last one left buying this business on the exchange!!
- Forums
- ASX - By Stock
- Potential catalysts
Constant fear of incoming capital raising has caused everyone to...
-
-
- There are more pages in this discussion • 59 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KDY (ASX) to my watchlist
|
|||||
Last
2.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.834M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
KDY (ASX) Chart |
Day chart unavailable