SEN 0.00% 1.3¢ senetas corporation limited

Quite a backtrack on your part Struggler -"do consider a...

  1. 10,373 Posts.
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    Quite a backtrack on your part Struggler -

    "do consider a placement a high probability,better then a 75% chance IMO"

    Only a couple of weeks ago you were sprouting that a capital raising was a 100% certainty.

    But I repeat my earlier post - No properly run company with ZERO debt would ever resort to a capital raising to meet short term funding needs.

    Therefore I will state with 100% certainty that SEN will not have a capital raising to meet operating cashflow needs any time in the next 12 months. (that out-trumps your 75% claim )

    Struggler you need to recognise the difference between the needs of QTK and SEN. QTK have used up all of their bank lines and other debt raising routes (viz the $5 mio of convertible notes notes) and no choice other than to tap shareholders on the shoulder for more money to meet cash flow needs at the operational level.

    SEN has no debt and as such could easily go to there bankers for short term finance.

    I don't know how many times I need to explain this to you.

 
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