Not sure what the T&C for hotcopper is for taking paid content and posting here but the short of it is the same as the Finanacial Review article.
- Working on finding cash from somewhere to get sign off from EY half year accounts
- Nothing definiative on where the funds will come from but states they are looking at short term funding.
- Christopher William Legal is assisting
- The rest is the same as the Finanacial Review with a cap raise.
I find this comment interesting: "Investors said they wanted to support the company due to its healthy business growth, which is regarded as separate to the dramatic financial issues that emerged last week"
Love to know who that is, certainly any cash needs to come with ALOT of strings attached.
We can speculate this to no end at this point, I will wait on the side lines and see how this all plays out.
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