Graphene & Solar Technologies Ltd

Pre-revenue solar/quartz developer with negative returns and near-zero liquidity, dependent on unsecured future financing.

Strengths

• Vertical-integration strategy with quartz assets and large planned wafer/polysilicon projects
• Potential support from U.S. and Australian manufacturing incentive programs

Risks

• No revenue; ROA -10.6 (16th pct) and net loss of $3.3M
• Current/quick ratio 0.014 (8th pct) with only ~$57k cash
• All projects early-stage and contingent on financing that has not been secured

Notable findings

• Exec changeRecent 8-K item 5.02 8-K ↗
• Weak liquidityCurrent ratio 0.01 (<1)
• Chronic dilutionShare count +17%/yr over 1y (dilution)