I don't take much notice of Smelly. However, I do know that according to the Quarterly Cashflow Report Dec 2023, the company currently has enough money to cover running costs until the end of 2024 ($900,000), plus another $2,500,000 from the rights issue which will fund kit refinement in the US as well as regulatory submissions (TGA, IVDR). They are also expecting an R&D grant in excess of $1,000,000. Not to mention potential additional capital from the sale of shortfall shares, with attached options, which may now be purchased by non-shareholders.
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Ann: Close of Rights Issue, page-19
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2 | 110864 | 0.064 |
1 | 131025 | 0.063 |
2 | 15000 | 0.062 |
4 | 67680 | 0.061 |
Price($) | Vol. | No. |
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0.066 | 448 | 1 |
0.068 | 9945 | 1 |
0.069 | 61892 | 2 |
0.070 | 86753 | 4 |
0.071 | 150525 | 1 |
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