Hope so but I doubt it.
The 31-3-16 #5B Report showed $67k cash on hand and $100k estimated expenditure for the June Quarter and that the Rights Issue in February raised just $100k from the $1.8m sought AND they had to issue $84k worth of shares (at a discount of 37% to the Rights price) to cover the $84k costs associated with the Issue. $84k to raise $100k.
The company can no longer claim “strong shareholder support” so please tell me what will make the share price bullish.
Something is brewing., page-2
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.994M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $205 | 102.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 30071121 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 39405767 | 12 |
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| Last trade - 15.21pm 03/10/2024 (20 minute delay) ? |
| PUA (ASX) Chart |