Annotation of this company: $14.3m cash; market cap of $15m @ 1.2c. An offer to place the shortfall of the capital raising (raised @ 1.5c) for a further $2m.
This company has a broking service; a platform (Hub24), and a research service. Some legacy issues- a large loss last year. A strategic review is underway under new management so those losses can't happen again. All IP owned by INQ.
Close to cash-backed, and supported heavily by Thorney/Alex Waislitz (son-in-law of Pratt and Pratt's investment vehicle).
Smashed today. Hopefully the new management can provide some stability. The HUB24 platform is being rolled out and now has 33 groups with FUA of $30b.
Annotation of this company: $14.3m cash; market cap of $15m @...
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