I’d be surprised if PIL goes belly up because there is some value. The challenge is determining what that value is. Given the current circumstances I’d say 1c per share is a premium. This might be a sticking point. An issue below 1c will start to dilute those already committed.
As far as the quarterly is concerned it would probably take a couple of days to prepare. The delay will be related to something that is imminent and that requires disclosure - either insolvency or a new funding partner.
Tinda, page-22
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $21.21M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $3.24K | 314.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 8889564 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 3107178 | 6 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PIL (ASX) Chart |