Well an ugly result which is no surprise.
From the report:
"The group has a working capital deficit of $12,410,000 as of 31/12/2011".
So the $20m raising may buy some time if they somehow manage to jag this, but doesn't appear to be enough. Especially because after costs of raising, MA payout etc, the company won't receive anywhere near $20m.
Ann: Half Year Report 31 December 2011 , page-2
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