one by one 2 investors presentation..this company never had anything less then 2 mil Cash at any given point of time.. not even in the days of FFT...
this management just hate paying interest and doesn't know how to run company with 1.8 mil cash at bank.. when they acquired GJD they raised money to pay out Loan for Working capital..can easily imagine they need cash now for Telstra as it's R&D hungry contract..
in next 5-7 days CR coming.. if not I will retire investing ASX
Ann: Investor Presentation, page-12
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