i think they wont have a choice, but will actually be forced to raise capital if the bleeding continues.
issue will be at what price? at lot of their VC's I dont think can invest now its listed possibly (or wont want to, and expect the market to step up), and so many funds burned by them for missing their first forecast... so tough spot to be in. perhaps their best hope is current backers find the $ needed in order to stop being diluted.
i agree, super well run company, and they did a lot of things right, and have been just been in the wrong spot at the wrong time. thats the problem with high risk credit though (and why banks dont do it.. not because they cant! if they can underwrite an individual to borrow $25k, they can do the same for a small business).. its just that these models only work during a bull run. when the credit market bears like this, they need big balance sheets to survive.
IF prospa can see the other side of this (whenever that is), it will fly again. and $5+ within sight. but its a very big IF at this stage i fear, (and i say this as a strong holder.) here's hoping...
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Last
40.5¢ |
Change
-0.005(1.22%) |
Mkt cap ! $66.66M |
Open | High | Low | Value | Volume |
41.5¢ | 41.5¢ | 40.5¢ | $80.13K | 197.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 42470 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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40.5¢ | 1924 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 42470 | 0.400 |
2 | 51321 | 0.395 |
2 | 136652 | 0.390 |
3 | 8500 | 0.350 |
1 | 8500 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.405 | 1924 | 1 |
0.420 | 33066 | 2 |
0.425 | 39134 | 4 |
0.430 | 7400 | 2 |
0.435 | 29538 | 1 |
Last trade - 13.17pm 03/06/2024 (20 minute delay) ? |
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Last
40.5¢ |
  |
Change
-0.005 ( 1.22 %) |
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Open | High | Low | Volume | ||
41.0¢ | 41.0¢ | 40.5¢ | 4215 | ||
Last updated 13.17pm 03/06/2024 ? |
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