EVS 12.5% 5.6¢ envirosuite limited

Capital raising

  1. 4,236 Posts.
    lightbulb Created with Sketch. 468
    Not sure why EVS don't have to file a quartely cash flow report, they don't appear to be have multiple cash flow positive quarters, but maybe they have another reason why they can get away without it.

    Anyway, looking back at the HY in Feb, they had cash outflows for the half of $5.8m.

    At the end of the half (ie: Jan 1), they had $5.6m in the bank.

    Obviously a decent half, with some contract wins, but probably not a lot of upfront payments, so maybe they have $1m - $1.5 left in the kitty at June 30.

    Question is when and how do they raise capital?

    And why no update on this in the quarterly sales update?
    Last edited by jaluma: 22/07/18
 
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