Cash fell 54.7% to $0.2m as RTO shell still has no acquisition deal
Operating burn moderated, but a year on the company remains a pre-deal cash shell with no announced reverse-takeover target.
Published 19 May 2026
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Showing 1-8 of 8 published briefings.
Operating burn moderated, but a year on the company remains a pre-deal cash shell with no announced reverse-takeover target.
Published 19 May 2026
Read briefingBlackwell Global reported a smaller full-year loss, but a severe H2 reversal and deepening cash burn raise questions about near-term survival runway.
Published 19 May 2026
Read briefingBorrowings fell to nil and equity nearly doubled, but cash dropped 34.6% to NZ$0.5m as the shell continues searching for an acquisition target.
Published 18 May 2026
Read briefingA name change to RTO Limited signals intent, but the shell has yet to announce a reverse-takeover target while cash and equity continue to erode.
Published 19 May 2026
Read briefingThe shell carries $1.0m of cash and $0.9m of borrowings after a capitalisation, but operations burned $0.1m of cash with no acquisition target
Published 23 April 2026
Read briefingNet debt rose from $0.4m to $0.8m despite the debt paydown, leaving the shell with thin liquidity ahead of any reverse takeover.
Published 23 April 2026
Read briefingOperations are effectively wound down so HY21 comparatives are non-comparable, leaving shareholder value contingent on reverse takeover execution.
Published 23 April 2026
Read briefingA narrower $0.4m loss on 21.1% revenue growth is overshadowed by near-total operating cash collapse and a thin equity base following the issuer
Published 23 April 2026
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