What exactly are you impressed with? Being diluted? The level of dilution is quite unbelievable... and you can bet there're more CRs coming
According to the last Half Yearly report, TNT's current liabilities are about $1 Million more than their current assets. So most of the money raised will go towards covering their current liabilities. There's no money to execute any meaningful strategy and you can definitely forget about ASTA!
Funny how they always talk about the size of their revenue but always fail to mention that their losses are around 67% of the revenue
I cannot understand why this company is still in business. There's clearly no adequate plan, no suitable people in management and most importantly no money to make any significant changes. They'll continue to lose money and keep doing CRs untill nobody trusts them anymore or when they finally go into administration
The only thing TNT's got going for it it it's loyal shareholders, who still believe in this wreck despite years of zero progress. Surely the rosy glasses should be coming off by now...
TNT Price at posting:
6.3¢ Sentiment: Sell Disclosure: Not Held