This is what can be done and should be done:
- Capital raise needs to be done at hefty premium. We have been trading in the last few months in a false market condition. As soon as the company release the news to be cashflow positive, the company value will be several multiple from where we stand now (and yes, in the right conditions many of you may be able to get back the initial investment or more). They know it and they want to keep it for themselves. The company have a maximum number of shares it can release, which is 139.7 M (pre-consolidation). Anything above this needs shareholders vote. They could raise enough capital through the issue of the maximum number of shares allowed (if they just wanted to). Any proposal to issue more shares will be voted down.
- The loan from Denlin (Tony Grist) was not meant to be converted in shares and should not be converted. His associates (Tim Grice and Ryan Legudi) seem to be working to hand him over the keys. This loan can either be extended or refinanced. Management is also trying to propose the extension of the security for Denlin over Mystemkits, which means (should anything go south) Tony Grist will have primary control over the assets of Mystemkits.
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11.0¢

This is what can be done and should be done:Capital raise needs...
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Last
11.0¢ |
Change
-0.020(15.4%) |
Mkt cap ! $23.59M |
Open | High | Low | Value | Volume |
12.0¢ | 12.0¢ | 11.0¢ | $2.417K | 20.15K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 7812 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8842 | 0.110 |
1 | 66476 | 0.105 |
1 | 14000 | 0.094 |
1 | 60000 | 0.091 |
3 | 68555 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 7812 | 1 |
0.130 | 162507 | 2 |
0.135 | 121888 | 2 |
0.165 | 21750 | 2 |
0.170 | 51840 | 1 |
Last trade - 10.09am 17/07/2025 (20 minute delay) ? |
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SWP (ASX) Chart |