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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-13

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zilliqua

618 Posts.

536

28/04/23

09:11

Post #: 67495565
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Originally posted by andys_network: ↑

Subsequent to the end of the quarter the Company announced, a capital raise of
up to $1.49 million (Placement). The Placement is to sophisticated and professional
investors as introduced by the CPS Capital. The Placement will comprise of a
maximum issue of up to 135,454,545 fully paid ordinary shares at $0.011 per share
as well as the execution of an additional subscription agreement of $55,000 due in
August 2023.

On 27 April 2023, Wellfully announced it had received a $322,000 cash refund
under the Federal Government’s Research and Development Tax Incentive
Scheme.

Yes. There is money in the bank.

Expand

What is the $850k in loan to the company. Where is from and on what terms? No mention in any of the reports. Does that net out on the $1.5m CR, meaning we have $650k plus the R7D grant funds?
Does the company recieve any funds for the 40k Boost units dispatched or are they give aways?

WFL Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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