Clearly you cant understand what the quarterly says.
It says the companies business model has a very low gross margin and it will continue to lose money until their QUARTERLY revenue is in the range of 18m(latest qtr 2.6).
Can you see the simple problem.
It is also obvious their will be a capital raising in the next few month
And it is likely their will be little growth in the next quarterly as they spent almost zero on marketing in the March qtr.
So unless they want revenue to keep falling they will have to pump a 400 or 500K into marketing this qtr which will lead a even bigger cash short fall in the next quarterly report.
Blind freddy has already sold his shares. Even he could see the problem
- Forums
- ASX - By Stock
- Time to buy not sell SMA?
Clearly you cant understand what the quarterly says. It says the...
-
- There are more pages in this discussion • 32 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ODA (ASX) to my watchlist
(20min delay)
|
|||||
Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $30.44M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 18.0¢ | $1 | 3 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 32500 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 3 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 32500 | 0.145 |
1 | 30000 | 0.140 |
1 | 2000 | 0.130 |
1 | 60000 | 0.050 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 3 | 1 |
0.180 | 95997 | 1 |
0.195 | 2330 | 1 |
0.200 | 66618 | 3 |
0.210 | 50000 | 1 |
Last trade - 11.14am 04/10/2024 (20 minute delay) ? |
Featured News
ODA (ASX) Chart |