IDT - IDT Australia

@Dona Ferentes @finicky

Thanks for the commentary on IDT. I was going to have a punt on it but it escaped me in the Hydrogen fog.

It is a shame that an Australian mRNA outfit was not able to be included in Moderna's manufacturing in Australia. Or is there an Aussie listed company which will benefit?

gg

Qtrly report today - sales improve last two Quarters
Now they're into hippy and feral drugs (only via a shrink's prescription)

Held

How crass. Hot on the heels of a company preso May 23, out to rope a few hesitant retailers in, they went into a trading halt June 1 and today announced a heavily discounted placement @ 0.065. Immediately the shares have dropped 30% to intraday low of 0.067 - what's it going to be when the first tranche of 61m new issuance shares come onto the market June 9, added to which tax loss selling season? Taylor Collinson get 4% of proceeds plus 20m 4 year duration options ex 0.091. Another finance jackal gets 2% success fee, so 6% fee all up.

After the second tranche of 16m shares places there should be:
244m + 61m + 16m = 321m fpos
At least 20m options (4 yrs ex 0.091)
Performance shares?

Held

12 months high today according to Nabtrade. Closed up 1c or 9%

Don't take any interest in it anymore.
Been a bit of positive news lately that I haven't read. Notice that it has recently announced an entitlement offer @ 9c. True to form.

Must admit the monthly chart had shown positive signs: last year 2023 tiny bodied candles were forming a potential rounded low that was interrupted by an impulse rise on an announcement. Now price had been forming a handle under 11c. I don't really trust the action though and doubt that I will particpate in the entitlement cap raise. If I hadn't experienced the false promises of this company I'd be interested in the chart

Held

MONTHLY Decade

Hit a 12 months high today, albeit pulling back. Up 17% at the moment, search me why.
Only 35% to go before I break even. From the weekly chart that actually looks a faint possibility!

Held

WEEKLY

The revenue growth mentioned offers a little hope but it's a big loan secured against property, equipment and receivables. Makes me think they're going for broke. Certainly not on my add list anyway.

Held
Holding



WEEKLY