Ann: Merger Presentation, page-442

So LewisB I guess you must have missed that quarterly?

I miscalculated, and when it said TMT wrote it had 2.11 quarters of funding left, I thought it meant it had scraped through the ‘please explain’ legalities by a fortnight.

It was actually just a week - so a very close call, and certainly that is much less than the 12 months you had believed was secure.

FWIW the cash raise was actually around seven weeks later so it was hardly quick despite that all concerned must have known meeting ASX financial requirements in the quarterly report was important.

The reason I am reinforcing this point is there seems to have been a lot of confusion about why the merger is now underway.

And because today some seem vexed that that report has been revealed.
Either because they were also ignorant of the financial situation or they knew it but it does not suit their ‘RCF villain’ narrative.

cheers