I am in two minds about the capital raising, but I am inclined to think it will happen. They still had access to $8M from an existing loan, with another $5M available. I would like to know how much of this is left after 2 months into the European order. They had about $8 million in products on hand at the time of the report so funding is going to come down to the size of this order.
I dont think it will be a bad thing and continue to hold as the loss for 2003 is close to what was expected.
well well well!, page-6
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