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Ann: $10m Placement, page-24

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BobLoblaw

3,513 Posts.

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31/10/18

14:07

Post #: 36333408
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Originally posted by rustedon: ↑

On page two of this mornings Appendix 3b, paragraph 6 we have for "Purpose of issue":

"The funds raised will be utilised for the
transition to production of the digital
speaker. Any funds raised in excess will be
utilised by the Company as general working
capital."

In yesterdays annourncement titled $10m Placement, the the words "ramp up of production" were used to discribe the reason for the capital raising.

Unless I'm delusional or day dreaming, I think this clearly indicates that developement of the Digital Speaker is nearing completion.

Always do your own research - contact management if in doubt.

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The fact that they've used those 2 different phrases before "production" sounds to me like it will be used for activities prior to production. Otherwise they would've simply said "funds raised will be utilised for the production of the digital speaker".

AKP Price at posting: $15.80 Sentiment: None Disclosure: Not Held
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