Quite a few assumptions made re holders- esp dispersed holding accts. And we do now technically have a confirmed insto in the top 20 btw...
Insiders not joining as there is almost guaranteed to be another cap raising, potentially waiting to collect shares at 0.05c.
Disjointed messaging though with c suite not joining but Evans + Walker supposedly taking up full entitlement- Evans will buy roughly 4.5M shares at 1.1c... so only 40k worth..should remember though he does make 150k pa as non exec board member, so 150k to do sweet fa is a pretty good deal.. so sacrificing a real amount of around 10k for a position worth 150k to maintain optics for his next roles isn't dumb.. he goes down as a loyal board member fighting to the end type etc..
"The Company’s half-year financial report for the period ended 31 December 2021 includes a note on the financial condition of the Company and the existence of a material uncertainty about the Company’s ability to continue as a going concern.."
"Notwithstanding the ‘going concern’ disclosure included in the Company’s half-year financial report for the period ended 31 December 2021, the Directors believe that the Company has sufficient funds to meet the Company’s current commitments andshort-term working capital requirements adequately. However, further funding (including from the Offers) will be required to meet the medium to long-term working capital requirements of the Company."
"The Board considers that its existing cash, proceeds raised by the Share Placement Agreement and proceeds raised by the Offers, will be sufficient to support its activities for approximately the next twelve to eighteen months (depending on, amongst other things, the maximum amount being raised by the Offers and under the Share Placement Agreement).If the maximum amount is not raised under the Offers and the Share Placement Agreement, the Company may need to consider other fundraising activities in the near-term or amend its current business plan to reduce its cash expenditures, or a combination of both.Additional funding may also be required by the Company to support its ongoing activities and operations beyond this time and to meet the medium to long-term working capital costs of the Company.Quite a few assumptions made here on holders/ holding accounts."
Pretty much within 6-12 months there will be another cap raise.. no real need to guess why no one wants in- esp with market price consistently lower than entitlement & options strike..
At this point the play here is damage control and tax planning... Interesting to note though that while the whole market is on fire DW8 has structured up.. could show a short term technical bottom being in..
(20min delay)