CYQ 0.00% 0.4¢ cycliq group ltd

1H report, page-7

  1. 5,909 Posts.
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    Agree with many of your comments... recent trading activity leads me to believe that either:
    1. a capital raise is coming (I was expecting one any time soon)
    2. sales have picked up...

    However in regards to point 1, @melua did point me to a previous comment in a release regarding that funding was being sought via a debt facility
    https://hotcopper.com.au/posts/30568006/single

    Have not seen an announcement out yet (it would have to be announced if they did get this in place) so it leads me to believe that either sales have really picked up or spending has been reigned in. After selling in the mid to high 2's (i think around breakeven), I am holding back for a few reasons.

    Sincerely hope it does well as I like to see Aussie businesses succeed like this, RBO and SP3.
 
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