It's way too early to speculate about a cap raising. Although AS gave himself until July to deliver, realistically with the cash on hand and other cash receipts he's safe until at least early next year. Remembering we may receive $10m more from the loan deal in December, plus a small amount from product sales/ramp up over the next 6 months and beyond. Whilst it's not much it's enough to dismiss another raising in the medium term.
Whatever he's got cooking, he has time no matter how meaningless that is to shareholders now.
If he can nail 2 deals like the ones mentioned in the other thread in the near future (one before EOFY and one shortly after) I'd say we're OK. It buys a lot of time and leverage for negotiations happening in the back half of this year. I don't think the odds of that happening are so bad. It's not 8 deals by any stretch but it's a start.
Interested in Tradn4fun's July installment.
UNS Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
