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30.0% 1.4¢ intelicare holdings limited

Ann: Results of Entitlement Offer to Raise $2.21m, page-7

  1. Sparktastic
    914 Posts.
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    22/12/22
    14:52
    Post #: 65417131
    Yes, they get the funds - But at a cost.
    The company will pay underwriting costs, together with the CR admin costs.

    Net result will be 4/5ths of sweet FA.

    Certainly not enough to keep paying R&D, manufacture, sales and admin/board salaries for very long.

    This goose is cooked.
    ICR Price at posting: 2.1¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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