Just one minor point yoy raise; it's been raised before as a possible cash source, re Prophase stock. It's listed as near cash in the accounts, but is it actually readily realisable? There is scarcely a market in the stock and in any case such a large holding could really only be sold in one go to a strategic investor. Even if one were available & willing, it would take time to sort out and, with POH as rather a forced seller, would inevitably be at a large discount to book or 'market'. Doesn't look a goer.
Spot on, I just took a look at volumes on Prophase. Average daily volume of just over 11,000 per day for the last year. At that rate it would take POH around 4-5 months to dribble it out on market. As you say they'd probably have to find someone willing to take a line at a significant discount.
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Just one minor point yoy raise; it's been raised before as a...
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $9.507M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $2.75K | 916.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
49 | 88052619 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 59580557 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
49 | 88052619 | 0.002 |
22 | 69095508 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 59580557 | 20 |
0.004 | 16872582 | 16 |
0.005 | 22833333 | 10 |
0.006 | 19255067 | 9 |
0.007 | 5865221 | 7 |
Last trade - 10.00am 19/08/2024 (20 minute delay) ? |
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