So, with the price now at 0.6 cents - what does it mean for this mob? To raise around $500k from LDA Capital, they need to dilute the share base by another ~15% with an extra 88 million shares to max out their holdings. I doubt that they will be able to pry anything further from LDA though. This is a massive difference from the $20 million facility that they are keep spruiking.
- The Supr Cover order of $1.1 million announced in March 2022 has amounted to nothing as there hasn't been a noticeable lift in sales at all.
- No other product can be selling anything more than a few internet orders - surely?
- The research grants surely have to dry up.
- They only have enough cash for a few months at the most of operating.
Good luck if you hold, but I'd be taking my losses if you can actually get anyone to buy them.
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