EOF 0.00% 3.6¢ ecofibre limited

in my post I merely pointed out a significant amount of funds...

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    in my post I merely pointed out a significant amount of funds that will most likely be added to EOF going forward. All added together there will be close on $20m to set against any future losses should they happen. One must also take into account the $1.46m spent this past quarter on research and development, which is an amount that far exceeds more than 50% of last years total expenditure on Research and Development ($2.14m). I am guessing the funds channeled into R & D this current quarter will be significantly less. My own thoughts are that all this should be taken into consideration on whether or not a near future capital raise will be required.


 
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