Ann: Epichem enters voluntary liquidation, page-125

Simple arithmetic would suggest

Current cash Position $2.7m yes with a $300k facility but you don't want to use that as someone has to pay it back....with interest,

wages and admin are $660 a Q

ASX Regulations state , must have 2 Q of Operating Capital

The "4Q of operating capital" quote in the 4C is without deducting a Trial runway for Covid or Cancer,, so if Management do nothing yes 4Q.

15c oppies to be excersised would require the SP to be circa 17.5 to 19 cents,,to make it financially beneficial that would stem off the need to raise capital again..

I would prefer PAA invest $100k on promotion of the "what we expect to be" Positive MND Results and garnish SH some value with a severe run up in the SP..

Plus we have already paid all the raising fees for the 20 cent oppies so $15m in the bank , when they are struck

Doesn't matter about the sale of the company really to the buyer if the Company has cash, its a zero game.. ie PAA IP $300m + cash on hand.