They did get some bank debt, perhaps they couldn't get any nore than what they did. If the business has to face multiple capital requirements to fund the growth projects while getting no cash from operations (this is what happens when demand is down, like now), that cash will go pretty fast.
Ann: Entitlement Offer to Raise up to $10.8 Milion, page-52
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Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $52.27M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 11.5¢ | $16.87K | 140.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 101173 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 529397 | 3 |
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| VMT (ASX) Chart |