This is all great and fine until you need to raise cash to stay alive. The reason the terms on this raise are so terrible is JAY is basically out of cash and the people giving them money in this raise know this. They left it too late to start cutting and they are paying the price now.
As bad as this deal is for us shareholders, it is better than a calling in the administrators.
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- This is a really dumb transaction - kill it
This is all great and fine until you need to raise cash to stay...
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Last
0.9¢ |
Change
0.002(28.6%) |
Mkt cap ! $2.126M |
Open | High | Low | Value | Volume |
0.8¢ | 0.9¢ | 0.8¢ | $3.258K | 365.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 377374 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 217886 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 377374 | 0.007 |
3 | 1590000 | 0.006 |
3 | 1200196 | 0.005 |
3 | 844055 | 0.004 |
2 | 1600330 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 217886 | 1 |
0.010 | 230000 | 1 |
0.011 | 250000 | 2 |
0.012 | 369633 | 2 |
0.014 | 810006 | 1 |
Last trade - 15.32pm 22/07/2024 (20 minute delay) ? |
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JAY (ASX) Chart |