The key takeaway for me is:
" The significantly increased cash reserves from the capital raising, combined with the removal of $4m of
contingent current liabilities in October, and the absence of any debt, provides Alcidion with a very
strong balance sheet as a platform for further growth."
The company was low on cash reserves which was preventing the funds to jump on aboard, this is the first capital raise that Alcidion ever had since they listed early 2016, and they have done pretty well on this raise I have to say, please remember the cash is the king.
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