Ann: Completion of Entitlement Offer, page-2

I oversubscribed, so apparently I'll get the lot (since it was undersubscribed, except for underwriting/directors covering the shortfall).

So I'm going to have lots of bonus options. Useful if the SP rises above $0.10 within 18 months...might require cashflow to finally turn positive on a rolling 12 month basis though...at least directors paid up in the raising?

Receipts has been improving, but cashflow not:




The company will end up with $1.46m extra cash (if that number is post-fees).

Combined with what they already had, I guess that'll last >12 months (assuming no improvement to cashflow).


I sold some to offset some of the units I applied for. I'm not quite confident enough to be increasing my exposure significantly.