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clock Created with Sketch. 28/12/22
20:55
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Originally posted by zilliqua:
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Yes but sadly on 23 December the cash balance was $86k so the $220k loan funds have largely been chewed up.
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Also worth remembering that they'll get that 220k back after liquidation. It's not a huge cost to them to issue some short-term debt while they go fishing for a placement. If they were injecting cash by buying newly issued equity it'd be a different matter. I'm still waiting for them to buy 200k of new equity as per beancounter's promise in the last cr...
(20min delay)