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I hope they know what they're doing and by running some...

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lollot

903 Posts.

241

16/12/15

10:41

Post #: 16624507
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Originally posted by ozgem ↑

Sorry, I think they got it wrong again.

"The Directors are conscious of the need to balance raising an appropriate amount of funding for the Company whilst ensuring the value for existing shareholders is maximised and reducing the impact of dilution where possible. The Directors wish to ensure that the share price is reflective of the value of the business and opportunities available to the Company, and the Directors do not consider it appropriate to raise excessive funds when the full value of the Company is not reflected in the share price."

The full value of the company will never be realised while there is the stigma of running short of cash and potential for more cap raisings. Only 0.001 above the last raise. More options!
The next announcement better be , we are now cash flow positive or this is stuck in the same range. All IMO of course.

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I hope they know what they're doing and by running some projections they have figured out that it should be enough $$ to take them through to when the business is cashflow positive

For sure it does show confidence in the business on their part

CL8 Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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