Yep sorry the 5 mill raised paid down previous debts accrued. So its gone and they have 12 weeks. I will say this.. someone is confident. AGC has a stake, Jap backers have a stake and directors have a personal stake. Also there is name worthy reputations on the company.
My point is there is confidence coming form somewhere. I cant even slightly call BS because ... if the board knew the above 12 week cash time frame (ie: and if there was no deal of substance) surly you would raise more as you put a time bomb on the company by not doing so. Its all mind reading at this point but I still think the right people know something that we dont.
Ann: Appendix 4C - Quarterly, page-11
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