@SuzyP777 post:
To understand Spacetalk’s meltdown, study pages 2 and 3 in their ASX Regulatory 4C Statement released on January 23, 2024 (see snip below), and ignore their commentary.
In the Half Year they raised $3.3m from investors and burned $3.4m.
Yes, they burned all the investor capital and then some in the last 6 months.
They’re on a crash course to be out of cash again in about 60 days.They don’t even have the cash to build / buy watch inventory anymore.
Conveniently, these key numbers were split over 2 pages in the Report, making this nugget of information hard to spot.
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Mkt cap ! $10.96M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $4.828K | 31.95K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15569 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 25699 | 3 |
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