If they could please stop referring to $2.6m cash and $2m loan facility + $1m equipment loan facility as “Well-funded”, that would be great… Clearly they weren’t well funded enough!
Would be great to know what the SP would be right now without the unnecessary and very conveniently timed (For those who were able to participate) cap raise.
We would be well over 3c and could’ve raised at a heavy premium the week after this great HY result. Makes it quite obvious now who this raise was orchestrated to benefit.
Ann: Half Yearly Report and Accounts, page-10
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