Yes you have to spend money to make money but it needs to be in moderation. If you look at the breakdown in costs a large part is actually higher fixed reoccurring charges. My point is the cash burn has increased and at a higher pace than net revenue. As such there either needs to be another raising before June 2018 or revenue needs to increase substantially. Given peak season is over end of Dec and costs haven’t likely peaked at 7.9m for the quarter something has to give.
I believed in the stocks potential I just think it’s poorly managed. But wait until June and see who is right.
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Last
8.8¢ |
Change
-0.002(2.22%) |
Mkt cap ! $84.93M |
Open | High | Low | Value | Volume |
8.9¢ | 8.9¢ | 8.6¢ | $35.08K | 401.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 78915 | 8.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 143912 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 78915 | 0.088 |
1 | 99963 | 0.087 |
1 | 100000 | 0.085 |
2 | 361720 | 0.083 |
3 | 170000 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 143912 | 5 |
0.091 | 36584 | 2 |
0.092 | 35000 | 2 |
0.093 | 50000 | 1 |
0.094 | 95966 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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