Yeah, but it gets to a point the market cap get so low they don't have anything left to dilute.
This thing is only worth 3.5 million now, including recently raised cash, which they will burn through in six months.
Ann: Rights Issue Closes Oversubscribed and Additional Placement, page-19
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.523M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5466 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 88366 | 1 |
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