This is a 2cent company waiting to happen. The burn rate is still too high.
At the current rate, the revenue does not even cover the interest on the debt. The revenue is not growing, but the burn rate stays the same. I am very happy to get out at 8cents, because this is a company that will be bankrupt in 2 years.
Sorry to give you the cold hard facts. No revenue growth with a massive payroll and increasing debt. We have all seen this before, and so 8 cents is actually a goldmine! Happy to get out today. Very happy.
Get out before this hits 2 cents !
- Forums
- ASX - By Stock
- RNT
- RNT going back to 5 cents and then to 2 cents
RNT going back to 5 cents and then to 2 cents
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RNT (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.35M |
Open | High | Low | Value | Volume |
2.3¢ | 2.3¢ | 2.2¢ | $8.907K | 390.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 262647 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 173262 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 327598 | 0.017 |
3 | 139228 | 0.016 |
9 | 948115 | 0.015 |
3 | 445000 | 0.014 |
3 | 191615 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 345544 | 1 |
0.019 | 168070 | 4 |
0.020 | 2702 | 1 |
0.021 | 382000 | 3 |
0.022 | 18333 | 1 |
Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
Featured News
RNT (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Andy Udell, CCO
Andy Udell
CCO
SPONSORED BY The Market Online