Ann: Trading Halt, page-72

So as it stands it’s a $6m raise
(with the ability to take another $2mil in oversubscriptions via the placement)
Placement 50% of the raise + an entitlement offer 50% of the raise being a 1 for 13

At 1.25c
+
1:1 options - 3 yr expiry - 1.75c strike price
???!!!!
So basically just keeping lights on for now
And even if we eventually reach the production phase, we will be confined to sub 2 for many years to come
Looks like I can kiss my cash good bye
Now I understand why the golden Greek bailed out he didn’t want to have the stigma of this disaster directly attached to his tenure
Sorry for bleak commentary but I just can’t see it any different unless someone can give me a miracle realistic alternative?

Also I think I’m understanding why our new ADN boss hasn’t introduced himself or made an appearance. He obviously knows his on a doomed voyage
This is going to be pretty messy when the halt ends