Hi ywtoh, noticeable omission in the updated presentation of any mention of the proposed Generate Capital facility so the guess is that a decision one way or the other is still some way off. Cash at 30th June was $15 million, at 30th September $5 to $10 million? Either way much too low.
Very likely the company is hanging off hoping that an IC financial close and/or new large bulk orders in China will kick the share price a bit so that any raise will at least be in the 40's.
Next few weeks will be pretty telling, hopefully good news will happen. It would be great if there's enough demand for a placement so that our resident shark ML could be excluded, that continual pretty indiscriminate selling is a pain. I guess they're just traders with very little regard for the company.
regards, EB
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