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Does that $168 M include the R&D tax incentive rebates?

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GoldenEaglev2

23 Posts.

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30/03/23

18:57

Post #: 67051848
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Originally posted by wasko: ↑

Hmm is your point that DSCR is 0? It requires a positive EBITDA as a numerator. But yes, tens of millions more in capital raises to come to pay down all of that debt.

Fun fact, did you know since listing in 2017 CAN has done $168m in capital raises? All of that for revenue of $8m in the last half (and a loss of $19m) and $65m of debt that needs to be repaid. If anyone ever writes a book on wealth destruction in Australia I'm sure CAN will warrant a look-in.

Management sure did have a rosy view of where things were going in the short-term back on 29th January 2020:

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Does that $168 M include the R&D tax incentive rebates?

CAN Price at posting: 14.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 4.6¢		Change 0.001(2.22%)		Mkt cap ! $22.05M

Open	High	Low	Value	Volume
4.6¢	4.6¢	4.5¢	$13.68K	300.7K

Buyers (Bids)

No.	Vol.	Price($)
1	156381	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.7¢	140883	2

View Market Depth

No.	Vol.	Price($)
1	156381	0.046
5	426740	0.045
1	100000	0.044
2	36000	0.043
2	26285	0.042

Price($)	Vol.	No.
0.047	140883	2
0.048	16750	2
0.050	233807	4
0.053	751251	2
0.054	608758	3

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