I have been a follower of MHM for over 2 years. It always worries me when the founding director leaves his own company. No explanation for his exit....
The update is basically saying that the bankers wont pay until they can see that Geelong is profitable. A rational response....Seems to be a binary scenario, if it doesnt cut it there will be a dilutionary raise at lower levels.
Ann: Company Update , page-5
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