coming months , page-15

Fair comment, zzedzz, and the company bosses should have been aware of the cash flow predicament well before this.
Some of us were furious with the previous mamagement for making little attempt to secure a higher conversion rate on the original options; from memory, only about 50% were converted/ underwritten and the then Chairman (Peter Marks) seemed very happy with that.
I'm waiting for evidence that the new brooms are going to do any better, at least in matters pertaining to finances. No doubt they could make a placement to their "sophisticated "buddies but that would be at very low prices. Perhaps that's what they want to happen - cheap shares for the mates and the long term shareholders who've been promised so much for so long can go to beggary.
There is, however, a slight hope that the launch of the Cochlear product might bring a capital inflow in some way? But that is clutching at straws!