MCE 2.99% 34.5¢ matrix composites & engineering limited

Ann: Ceasing to be a substantial holder, page-2

  1. 85 Posts.
    lightbulb Created with Sketch. 13
    Hmm. Burned $8.5m in last 12 months. Sold its only tangible asset (property) for $20m 12 months ago and now only $11.5m cash in bank. Long standing major shareholder has sold out at significant loss. Anyone smell another cap raise?
 
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