I’ve got close to the same over several holdings and hear you.
Why would a pre-revenue company (with a 12 month runway of cash), lock up $1.8M at 5% for 3 years?? Seriously!
For me it’s currently a No, but might get through if they add a condition that the company can call the loan in if the cash is needed, and it does so as a first resort over a capital raise.
Ann: Notice of General Meeting/Proxy Form, page-30
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Last
23.5¢ |
Change
-0.005(2.08%) |
Mkt cap ! $42.45M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.0¢ | 23.5¢ | $9.79K | 41.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3942 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 35000 | 1 |
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| Last trade - 14.18pm 14/10/2024 (20 minute delay) ? |
| CYP (ASX) Chart |