Here's the problem. Too many mates drawing from the company. $13m cash at the end of Sept and now around $6m in the bank. What value have shareholders gained for the $7m of expenditure?
Taking advantage of a beaten down sp isn't helping shareholders. Cutting the deadwood is much more effective and immediate.
Ann: Notice of Annual General Meeting/Notice of Access/Proxy Form, page-2
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Last
5.9¢ |
Change
-0.003(4.84%) |
Mkt cap ! $17.30M | |||
| Open | High | Low | Value | Volume |
| 6.1¢ | 6.1¢ | 5.6¢ | $24.72K | 421.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 347777 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 103332 | 3 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
5.6¢ |
Change
-0.003 ( 11.1 %) |
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| Open | High | Low | Volume | ||
| 6.1¢ | 6.1¢ | 5.6¢ | 124913 | ||
| Last updated 15.16pm 05/06/2024 ? | |||||
| CY5 (ASX) Chart |