Ann: H1 FY21 Results - Investor Call Presentation, page-33

"I would expect that the funding for the growth was not mentioned on this presentation because it was included in the 9th July 2020 presentation where they outlined how they would spend the $1.1m they aimed to raise. In actuality, they raised over $1.5m (36% more than needed) - so the company has already mapped out where the funding for growth is coming from."

9th July 2020 was 8 months ago.

In SQ2020 and DQ2020 they consumed $0.78m; the current quarter will see a further cash outflow of several hundred thousand dollars, at least. And I would not be surprised if it was close to $500k given the current aggressive roll out of rentals - a good thing for the business, no doubt, but it has to be financed.

I would not be surprised if the Net Cash position when they report the next Appendix 4C will show a figure below $1.6m... which is where it was at the end of June 2020, just before they raised capital.

They are going to be cutting things fine over the remainder of the next 6 to 9 months.

Another capital raising cannot be ruled out, in my view.
In fact, I reckon the probability of it is greater than 50%.

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