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3.9¢ g medical innovations holdings limited

Ann: Notice of Annual General Meeting, page-5

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cal50

7,134 Posts.

385

16/06/20

13:43

Post #: 45250490
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Originally posted by mg97788: ↑

The 30mio facility isn't a loan facility. Its a capital facility where they issue shares into it, like doing an on market capital raise but over 3 years.

My guess is they raising another $15mio on the ASX which will be massively dilutionary, potentially a raise on the NASDAQ in Q3, again dilutionary,and then use the facility as working capital over the next 2.5 years remaining on the agreement - thats my guess anyways

Doesnt bode well for a share price rebound in the near future....but would indeed give them the necessary capital to grow the business....which they need.

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would be better to use the facility when required and issue shares over the 3 years than 1 hit at the lowest price ever ??? IMO

GMV Price at posting: 5.4¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

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