ALA 2.08% 12.3¢ arovella therapeutics limited

End of period cash balance of $5.47m.As far as I am concerned...

  1. 362 Posts.
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    End of period cash balance of $5.47m.

    As far as I am concerned they don't need that cash or actually have it until the EGM resolution is passed:

    https://hotcopper.com.au/data/attachments/2838/2838632-e3cf7b50bf9228f569ea8e744b64d7a1.jpg
    Why the hell should shareholders approve pumping more cash into Oromist if it doesn't work or generate any revenue?? Its a money pit.

    If it's to fund an acquisition, announce the acquisition and then let us decide if we want to support it or not with a CR.

    Get your votes in against the resolutions, this is a joke.

    https://hotcopper.com.au/data/attachments/2838/2838701-44f7d8f65ede3ded5149cb52e427af56.jpg

 
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