Hey Pardner did you read this bit
Cash at bank as at 30 June 2017 was approximately $A2.9 million, seeing the Company fully funded to achieve full, licensing (or similar) based commercialisation of CVM™, thereby achieving a cash- flow positive operational platform. As a result, SMS does not expect a requirement for any equity-based operational funding at any time in the foreseeable future, as all visible operational requirements are more than adequately funded
So do you think this is a lie?
Ann: Appendix 4C - Quarterly Report & Brief Company Update, page-44
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