ADR
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10.0% 1.8¢ adherium limited

Ann: Trading Halt, page-16

  1. corgifan
    352 Posts.
    lightbulb Created with Sketch. 38
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    18/03/21
    11:30
    Post #: 51861041
    So have they raised $15m (including the old $3m from Viburnum) or $18m in fresh funds? Use of proceeds suggests $15m in new money?

    And who contributed the final $5/8m? No mention of management dipping into their personal pockets which I'd assume they'd have to disclose so I assume they haven't contributed? Anyone know?

    I agree to raise $15/$18m is great, but how/why management have again failed to participate is inexcusable IMO (if my assumption is accurate).

    ADR Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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