MLA medical australia limited
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In their reply to the ASX of 12 Feb 2013 it was stated,"The...

  1. goatpointer
    1,732 Posts.
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    19/05/13
    15:50
    Post #: 11781924
    In their reply to the ASX of 12 Feb 2013 it was stated,"The company is currently considering the raising of equity capital in the short to medium term".

    The average cash burn per quarter for the last 4 quarters was $160k and since they only had $190K in cash at the end of the quarter (31/3/2013) a cap raising would appear likely. And /Or some borrowings or some sudden substantive sales revenue.

    I am not a holder but am a reasonably keen watcher. The current financial uncertainty needs resolution.
    MLA Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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