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Ann: $3.36 capital raising to accelerate FELIX commercialisation, page-7

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DocMcstuffins

7,876 Posts.

1355

17/08/22

10:23

Post #: 63159610
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Originally posted by Grogger: ↑

You're right to be suspicious. If they wanted to genuinely commercialise, they'd be chasing $7m+. They should be setting aside $5m for inventory and marketing and $2m for running costs which is still a shoestring budget but can work with a decent product.

$3m after running costs probably leaves less than $1m for inventory and marketing. What a waste of time.

In my opinion they're not serious about trying to get Felix off the ground with $3m. It's more likely these funds will basically be used to pay themselves and keep the lights on for 9-12 months before they do it all over again with another raise to fund "The real commmercialisation this time" then rinse and repeat for another 2 years

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I hope they're expecting to have some form of news that will boost the share price prior to the real cap raise..... but that's maybe just me being in denial.
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Last 0.8¢		Change 0.001(14.3%)		Mkt cap ! $11.56M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.8¢	$3K	375K

Buyers (Bids)

No.	Vol.	Price($)
1	1000000	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	1291689	4

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No.	Vol.	Price($)
1	1000000	0.007
10	4358833	0.006
4	3440000	0.005
1	500000	0.004
1	166666	0.003

Price($)	Vol.	No.
0.008	1291689	4
0.009	2332462	5
0.010	38428	2
0.013	828	1
0.000	0	0

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