3DP 4.35% 4.4¢ pointerra limited

That's a really good question.It really boils down to the share...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 239 Posts.
    lightbulb Created with Sketch. 11

    That's a really good question.


    It really boils down to the share price and options holders...


    The bulk of outstanding options (102m) are at 5c, expiring 30 June 2019.


    42m went to the underwriter of the IPO, 60m by the directors split as follows: 5m Robert Newman, 30m Ian Olson, 5m Neville Bassett, 20m Graham Griffiths.


    Obviously if the share price stays well above 5c it would make sense for them to exercise them. 102m @ 5c would provide $5.1m in cash which would (IMHO) comfortably see 3DP through to cashflow positive.


    But if the price is at or below 5c we'll probably need a small raise, absent a sudden uptick in receipts.


    With the current sales momentum it looks like we might avoid a cap raise...


 
watchlist Created with Sketch. Add 3DP (ASX) to my watchlist
(20min delay)
Last
4.4¢
Change
-0.002(4.35%)
Mkt cap ! $42.66M
Open High Low Value Volume
4.6¢ 4.6¢ 4.3¢ $7.46K 169.4K

Buyers (Bids)

No. Vol. Price($)
2 33526 4.3¢
 

Sellers (Offers)

Price($) Vol. No.
4.6¢ 70000 1
View Market Depth
Last trade - 15.52pm 19/11/2024 (20 minute delay) ?
3DP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.