Yes I do understand thanks.
basically they are in the red by $80 million ( to develop the products wages , directors salaries, ext) and need to make sales ( which supposedly they have contracts for to recoup these losses.
They need capital raising so they need to issue more shares at 11.5 ( below the current sp to encourage buyers).
Reason I'm still holding 280,000 is that if I sell at the present low sp I lose a lot.My average purchase buy price was around 45 cents.So to break even thats what the sp needs to be.As I said I'm prepared to wait till 2011 thats why I said that I have no choice
Hope there is clarity in the explanation
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Yes I do understand thanks.basically they are in the red by $80...
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72.0¢ |
Change
0.005(0.70%) |
Mkt cap ! $126.2M |
Open | High | Low | Value | Volume |
72.0¢ | 72.0¢ | 72.0¢ | $296 | 411 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 27515 | 72.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
73.0¢ | 6446 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1 | 0.725 |
1 | 27515 | 0.720 |
1 | 9191 | 0.705 |
3 | 161758 | 0.700 |
1 | 7500 | 0.680 |
Price($) | Vol. | No. |
---|---|---|
0.730 | 6446 | 1 |
0.755 | 1323 | 1 |
0.760 | 30000 | 1 |
0.780 | 25391 | 2 |
0.810 | 21534 | 3 |
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