What do they have....
Listed shell
$1.5M left in the bank (after redundancies and before sale of assets)
Carrying $122M accumulated losses in Half Yearly
Product in market
Production facility in Thailand
IP for IQ and TB marker
1 Billion shares on issue
So the Board has decided to give Jenny and Co the flick and sell off everything they were working on before they leave. I might be stating the obvious....but they wouldn't have done this unless they have already decided on an alternative plan...which they have already said they can fund for 18 months.
So IMO, if they announce a new direction that doesn't include IQ's and TB's, do a 1:10 consolidation, and raise another $2M ...they should be back as 10c company....or 1c today.
intesrting that 12.5% of the company has changed hands in the past 3 trading hours
What do they have....Listed shell$1.5M left in the bank (after...
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.756M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.5¢ | $2.617K | 16.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 23025 | 1 |
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| Last trade - 10.54am 19/08/2024 (20 minute delay) ? |
| APL (ASX) Chart |