This is a 2cent company waiting to happen. The burn rate is still too high.
At the current rate, the revenue does not even cover the interest on the debt. The revenue is not growing, but the burn rate stays the same. I am very happy to get out at 8cents, because this is a company that will be bankrupt in 2 years.
Sorry to give you the cold hard facts. No revenue growth with a massive payroll and increasing debt. We have all seen this before, and so 8 cents is actually a goldmine! Happy to get out today. Very happy.
Get out before this hits 2 cents !
RNT going back to 5 cents and then to 2 cents
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $14.35M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.3¢ | 2.2¢ | $2.559K | 115.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 210683 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 540000 | 2 |
View Market Depth
| Last trade - 14.06pm 21/11/2024 (20 minute delay) ? |
| RNT (ASX) Chart |
