Fair observation barra, I tried working out what funds Admedus had at the time, end of 3 rd quarter (2018) saw 6 mill in bank account , they also had 5 mill in funds from their loan redraw, not sure if the SB 500 grand AI fee was in effect and yes; placement then CR for RIs to participate in.
In effect my logic could be flawed.
Do you know if the company has a requirement to alert the ASX if it’s funds reach a certain critical level?
Ann: Extension for Voluntary Suspension, page-28
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