GMV 0.00% 3.9¢ g medical innovations holdings limited

Ann: Notice of Annual General Meeting, page-4

  1. 722 Posts.
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    The 30mio facility isn't a loan facility. Its a capital facility where they issue shares into it, like doing an on market capital raise but over 3 years.

    My guess is they raising another $15mio on the ASX which will be massively dilutionary, potentially a raise on the NASDAQ in Q3, again dilutionary,and then use the facility as working capital over the next 2.5 years remaining on the agreement - thats my guess anyways

    Doesnt bode well for a share price rebound in the near future....but would indeed give them the necessary capital to grow the business....which they need.
 
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