So what do you propose turn the company into a shell to prevent cash-burn as a result of increasing inventory which is needed for growing sales ?
Personally I feel the company has too high a costs with the board on too high a remuneration but in a way that is a red herring on company viability
The company has to spend money on inventory to increase sales , if that involves one or two more placements that may dilute the company up to 20% ($30M) so it can have a $2 billion market cap in 5 years time at $5.00 share price so be it .
In saying that I suspect the share price could fall more due to the possibility of placements being lower than current sp coupled with the company historically not putting in place an escrow period preventing placement shares being put back on market
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Mkt cap ! $17.31M |
Open | High | Low | Value | Volume |
1.0¢ | 1.1¢ | 1.0¢ | $3 | 266 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 59013 | 1.0¢ |
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Price($) | Vol. | No. |
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1.1¢ | 767921 | 5 |
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No. | Vol. | Price($) |
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1 | 59013 | 0.010 |
5 | 2072715 | 0.009 |
4 | 4186222 | 0.008 |
3 | 349012 | 0.007 |
3 | 544500 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 767921 | 5 |
0.013 | 240000 | 1 |
0.015 | 431158 | 2 |
0.017 | 321118 | 2 |
0.018 | 115942 | 2 |
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