Right fair enough, I'm not a huge fan though for EV valuations for companies burning cash and no revenues. It's pretty meaningless. Investors know the cash is getting burnt and if they don't they obviously haven't followed the placement after placement after consolidation after placement that this company has embarked on over the last year and a half.
Ann: Placement and Non-Renounceable Entitlement Offer-ZYB.AX, page-88
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