What a pack of twits you lot are. You are so blinkered and hateful of this company that you cannot even read a Quarterly Report properly.
Page 4 of Appendix 5B says;
"Raised $432K from Rights Issue in January 2023; have commitments to raise another
$1,070K from Shortfall under Rights Issue and actively seeking balance of Shortfall
under Rights Issue of $1,977K. Directors to apply for $200K of shares after
Shareholder approval at General Meeting on 31 January 2023. Raised $33K from
Options exercised in January 2023"
Commitments need to be taken as such, while actively seeking balance of shortfall may not amount to anything.
Nevertheless, $1,070K keeps them going on a debt free basis once the $435 of loans is repaid.
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- Ann: 31.12.22 Quarterly Activities & Cashflow Report
Ann: 31.12.22 Quarterly Activities & Cashflow Report, page-9
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