They are spending it quick and there is no operational revenue. The market expects they will just spend the cash and have nothing. I can gtee you that they don't liquidate the company and give shareholders the cash.
why not buy petratherm?, page-4
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Last
0.1¢ |
Change
-0.001(33.3%) |
Mkt cap ! $1.727M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.1¢ | $1.024K | 522.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 115 | 187681496 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 49393848 | 14 |
View Market Depth
| Last trade - 14.19pm 08/11/2024 (20 minute delay) ? |
| RNE (ASX) Chart |