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The mc is more like 5 mil. Probably about 500k in the coffers at...

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Just_a_guy

3,322 Posts.

103

12/09/18

20:12

Post #: 35559824
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Originally posted by F18FDG ↑

Consolidation won't change the fact that the M Cap is less than $1m, and will undoubtedly fall further after the consolidation event.

Given the unmitigated disaster MEM has become, the directors will continue to struggle to raise meaningful money from the market. So, with the compliance cost of listing and the pain of public exposure, they must be close to calling a suspension and privatisation by the small number of majority holders.

Maybe then they can raise money on the qt, get the device through to some commercial revenues and later look to return to a public listing without the baggage the company is currently struggling under.

Suspend it, Delist it, whatever. Put this dog out of its misery.

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The mc is more like 5 mil. Probably about 500k in the coffers at the end of the quarter. Pretty low running costs. If there’s some positive feedback from kol’s, there could be a bit of a run and then they’d obviously raise again at 5c...

MEM Price at posting: 1.3¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $13.00M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$265	44.19K

Buyers (Bids)

No.	Vol.	Price($)
8	9530299	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	13345702	9

View Market Depth

No.	Vol.	Price($)
2	60206	0.024
1	14090	0.022
3	497619	0.021
5	649700	0.020
2	130000	0.018

Price($)	Vol.	No.
0.025	153799	6
0.037	18526	1
0.039	1200000	1
0.046	100000	1
0.047	1160000	3

Last trade - 10.04am 25/11/2024 (20 minute delay)

MEM (ASX) Chart

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