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4.0¢ rhinomed limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-5

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Chillicop

5,044 Posts.

647

30/07/21

13:15

Post #: 54904727
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Originally posted by aventurine: ↑

Chilli,

As a former LTH you would probably recall that RD has provided credit facilities in the past for several years up to $2m.

From memory, I don't think these facilities were ever drawn down, or if they were, it was never much.

Whether it's a lifeline remains to be seen.

In the interim, it's there if it's needed and/or allows the company to buy time and see what unfolds. I'm sure they will need to do a CR at some point prior to Xmas, but hopefully they can do it at a time & price that's better suited.

Clearly there's a lot riding on Rhinoswab in the short term.

cheers

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yes. indeed. correct.
it's the concentration of Chair and two biggest shareholders in equity and possible debt thats worrying me. clear now that Dr and biggest holder together. have to hope that it's for the best of little holders.

I hope it works. it's about #5 product that looks exciting ... would be a wonderful local story

Last edited by Chillicop: 30/07/21

RNO Price at posting: 19.5¢ Sentiment: None Disclosure: Not Held
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