Perhaps it's wishful thinking, but it seems to me that they have run their numbers and decided that a facility of $5m gives them sufficient liquidity (you would assume with a reasonable buffer) to get through to the point where they are cashflow positive.
I hope this means they are on their way to achieving their guidance. And if they do achieve it and we reach the point where they do not need to come back to the market for funding, then I think we will be off to the races. I'm not ready to buy more, but if the quarterly numbers are trending appropriately, then I think it could be time to top up.
This quarterly will be very revealing.
Ann: Next Science enters into US$5m unsecured loan facility, page-17
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