Maybe a cap raise is not only reasonable but increasingly urgent!
The idea of 1-for1 at 8c is based on very reasonable assumptions. The company has about 8-10 weeks of cash remaining and no funding for Lindi.
The clock is ticking.
Shareholdees will be screwed by bankers and equity funders.
Most shareholders will get a bag of hot air not riches.
Toctoc tictoc......
DDD
Afreximbank, page-455
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