I suspect it's hard convincing investors to part with $8 million in cold hard cash when your latest monthly cash receipts are $70k, barely enough to cover the interest on all your debt.
Even harder when the chart of the last two years' monthly cash receipts for a "strongly growing" SaaS business looks this:
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- Ann: Monthly Activities/Appendix 4C Cash Flow Report
Ann: Monthly Activities/Appendix 4C Cash Flow Report, page-5
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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