And let's not forget this, from the last quarterly released on 31 July:
"Subsequent to the quarter ended 30 June 2023, AHI has been presented with three additional funding proposals of between $5,000,000 - $20,000,000 through a placement under its LR7.1 capacity. The Company is actively engaged in discussions with the parties and anticipates closing the additional capital within the next 10 business days. AHI will keep shareholders apprised once final terms are reached."
That $5-20m placement (within 10 business days, ie. by mid August) turned into a convertible loan facility (in mid September) worth $1.5m initially (with another $1.2m now received). And now, maybe, there is a placement of $2.2m expected to be completed by no later than early November 2023.
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- Ann: AHI Quarterly Commentary and Appendix 4C
Ann: AHI Quarterly Commentary and Appendix 4C, page-6
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