I believe that MNS and C4V are both contributing to the equipment purchase (of US$5m), presumably equally (so US$2.5m each).
Depending on the pitch to the sophisticated investors perhaps there is an opportunity to withdraw from the purchase. I think this would be a decent outcome. Failing that I imagine that another CR will be on the cards as I doubt MNS will want to dip into current cash reserves to purchase the equipment.
I wouldn’t place blame on MNS or Bell Potter for the CR shortfall though, I’d ask WTF are Boston Energy doing??
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