Yes, I'd certainly be happy to see a decent sized cap raise, I would think minimum $20m, despite the resulting dilution. Apart from the need to manufacture, in my view it would:
1. Reduce the risk of cashflow problems down the line and give the CFO some room to manoeuvre.
2. Provide reassurance to other parties that we can service the contract (which really is a precondition for doing business together).
3.Make it easier to agree terms when in negotiation (eg payment times, limits of liability etc).
Not necessarily in that order and also wdik!
Anyone got a view on debt as an alternative?
Regards
CG
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1.1¢ |
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Mkt cap ! $9.631M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $11.87K | 1.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 730840 | 2 |
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