Not exactly a small mistake, how the hell did they come up with....
The Directors believe that sufficient funds will be raised in the ongoing capital raise to ensure that the Company has adequate resources to meet its obligations in the foreseeable future.
Then changing it to.....
The Directors have assessed financial forecasts and developed plans to ensure the Company can meet its obligations as they fall due. On 31 July 2024, the main borrowing of a $5 million loan to Pure was restructured and extended.
Was it a simple cut & paste error?
It's a stupid error and I'm sure who ever wrote it and everyone who proofed it will be receiving a big slap on the wrist as it has some very scary implications.
Kudos to who ever picked it up.
SPA Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
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