It's horses for courses. A downmarket version of this type of financing, as everyone knows, can very often be problematic when employed by a company in decline, but a rather more upmarket version when employed by one of the most talked about companies on the ASX, a company with, let us say, a new AI paradigm, the ability to raise money at future share prices could be a signifcant bonus. At the end of they the only amount they are committed to raise which is not at at an average of 17.5 cents is 10 million dollars, at 30 cents that would represent 36 odd million shares, hardly a daunting propect for a company that can turn over double that in a day.
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