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Ann: Increased Funding Facility of $1.5m, page-45

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bocasubi

1,774 Posts.

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29/03/23

04:35

Post #: 67010301
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Originally posted by BobLoblaw: ↑

To clarify your clarification, FB was also part of that raise at $14:

"4F Investments Pty Limited (4F Investments), a company associated with Fred Bart, Chairman, has agreed to subscribe for a minimum of 142,858 up to 165,358 shares (A$2 – 2.3 million) in the Placement, subject to shareholder approval at a general meeting of the Company..."

My guess is that another raise is around the corner to fund the USD$9.6m commitment for additional speakers, plus pay off his loans, so he'll probably only earn the 12% p.a. for a few months. I'm assuming they'll have 30-33m SOI by they time they're bought out (or are profitable).

The oppies tells me he's confident of success, otherwise why would ya bother?

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Yep forgot about that. they're gonna struggle to get a 1 mill raise away let alone 10 after this em debacle. Unless they can demo of course.

AKP Price at posting: $8.81 Sentiment: None Disclosure: Not Held
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