Yes, RNT will need to raise capital, as they still have a high burn rate. When they rasie capital they will dilute the shares, and the price will fall to 3 or 4 cents. The point that perhaps i have made badly, is that on the current trajectory, they will need to dilute in about 3 quarters. You are taking a huge gamble to expect them to turnaround in 9 months. Hence my Thesis, that selling at what was 8 cents when i started talking in this thread, is better than selling at 2 or 3 cents. If that makes me a Goose, then so be it. We live in a country where we are ALL allowed to express our views.
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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($) | Vol. | No. |
---|---|---|
2.4¢ | 540000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 327598 | 0.017 |
3 | 139228 | 0.016 |
9 | 948115 | 0.015 |
3 | 445000 | 0.014 |
3 | 191615 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 345544 | 1 |
0.019 | 168070 | 4 |
0.020 | 2702 | 1 |
0.021 | 382000 | 3 |
0.022 | 18333 | 1 |
Last trade - 14.06pm 21/11/2024 (20 minute delay) ? |
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