Have to agree. With such a great business and potential you wonder why we aren't at 6 or 7 cents. Dig a bit deeper and it becomes clearer. I have plenty of these but will hold off adding until the fund situation is sorted out. The market hates uncertainty in this area. From the last qrtly staff costs were $617,000 and other working capital was $505,000 with total outgoings being $1,177,000 for the qrt. That's a hell of a lot for a $8m market cap company. Gordon did a report on the 26/08/15 with the quote.
" Collaborate is expected to reach profitability and achieve a cash flow positive position in FY2017. The company may seek additional funding for expansion purposes in about 6 months."
The next day they raised $500,000.
With that sort of cash burn if it continues they will need a hell of a lot more money going forward. Yes they have increasing revenues but it's not going to outweigh the outgoings to become cash flow positive for a while. I hope they get their structure in order asap as rattling the can for $5000K every few months won't go down well and the sp will just continually lag. You have to wonder if they wouldn't be better off now doing a large cr of a couple of million dollars to get them to cash flow positive and put this to bed for mr market. I have noticed that the sp has been supported to an extent. Friday for example a few hundred shares traded at 0.024 to give the impression of a good day. Obviously we would want the next cr to be higher than the last. All IMO of course and thoughts welcome.
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No. | Vol. | Price($) |
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1 | 1000000 | 0.011 |
2 | 1302485 | 0.010 |
1 | 200000 | 0.009 |
1 | 120000 | 0.008 |
Price($) | Vol. | No. |
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0.015 | 356733 | 3 |
0.016 | 505674 | 2 |
0.017 | 101771 | 1 |
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