9SP 0.00% 2.0¢ 9 spokes international limited

Ok.. while i am not a holder (was as part of IPO and sold out a...

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  1. 5,909 Posts.
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    Ok.. while i am not a holder (was as part of IPO and sold out a whil ago)... I did not see this coming.. Why do they need cash? Last quarterly shows 13.4mil in the bank and burning through about 3 mil a quarter. But would have expected this quarterly to show higher receipts and less cash burn? IN addition, if there was an improvement in this coming quarterly and the share price rose, they would have been able to raise cash at a higher price? I know there are some s781 out there with the info about this CR.. any care to share the details?

    Acquisition in teh works?
 
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Currently unlisted public company.

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