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They're raising capital twice. Might be time for you to build a...

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BobLoblaw

3,486 Posts.

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30/04/24

22:12

Post #: 73595132
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Originally posted by Shortblack: ↑

Your rose coloured glasses seem to make you believe their responses to the ASX are positive. They are not and ASX will see it that way.

Here's their first response, 8.6
"Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?"
Answer: "Yes"
Current net operating cash flows = negative $1,486,000Response 8.6.2, last sentence
"....is expected to be coordinated with the demonstration of the MEMS GEN-II wafers and chips."

Here's the paragraph from the report

"The Company is in the process of securing additional short-term funding to meet its working capital requirements over the next quarter until it is in a position to demonstrate the MEMS GEN-II Chip. The timing of securing additional funds will also be subject to market conditions prevailing at the time and is expected to be coordinated with the demonstration of the MEMS GEN-II wafers and chips."

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They're raising capital twice. Might be time for you to build a bridge?

AKP Price at posting: $6.20 Sentiment: None Disclosure: Not Held
2 Upvote

1 Great analysis

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