They face a triple edged sword at the moment IMO. Either:
- raise capital at say 0.5 to resource the business properly to generate sales, and then have sufficient working capital to actually meet potential orders (and possibly pay off Lord)
- don't raise capital and given working capital and resource constraints, only convert a limited amount of sales opportunities that the business and finances can cope with
- Lord converts resulting in a major dilution
Whilst there may be some outs (eg big contract announcements supporting a capital raising at better prices), the balance of probabilities is looking very negative IMO.
Disclosure: A handful of shares to have the option of participating in a capital raising
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- amicable agm
They face a triple edged sword at the moment IMO. Either:- raise...
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