Ann: FY19 Results Presentation, page-149

Westerner, you don't have a clue about my credentials or what you are talking about, the evidence is now very clear for all to see.

Their Appendix 4C for the September quarter indicates they are now down to $57.6m in cash, with $10.6m of this being prepaid customer balances held on trust, meaning the company only had $47m of cash left at 30 September 2019. The 4C goes on to say they anticipate $34.6m to be spent in the December quarter.

That means they are planning on having just $12.4m in the tank at 31 December 2019 assuming everything goes well.

PBH are burning through $10m+ per month, they'll likely be out of cash by January 2020, hence the need for the urgent $122m raise to get them through next calendar year (or probably only part of it) to buy them more time.

All the naysayers, just wait till they put their hand out this time next year for another capital raising...