I don't think you can do another cap raise just to cover cash burn. In answering buy surge's question-why pay a dollar when you can pay cents in the dollar? Once it collapses/runs out of cash a VC Fund will swing in, I'm sure there are plenty in Melbourne watching closely.
Also-I did read the back of the Annual Report-not a single large shareholder except two super funds. Not promising.
EVS Price at posting:
8.0¢ Sentiment: Sell Disclosure: Held
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