Ann: Update -iCar Asia more than doubles its current cash balance, page-3

A good outcome, personally I was factoring in $5m+ so pleasantly surprised, never going to get all of it especially the retail punters. The $7.7m tops up the balance sheet nicely and means the loan won't get drawn so capital structure unlikely to change. Also a little bit less dilution which is ok too. Next 6 months should be a positive story with quarterly operating cash outflows to come down sequentially and business driving towards profitability. 15-20% price hikes in Malaysia should help Q2.