I doubted this cash flow report would be supplied. Good on VEC!
Unlike WFE’s July quarterly, at least VEC have noted that during the September quarter, in order to pay the bills, they have borrowed $85k in unsecured loans and are fully draw.
Cash held at 30-Sep = $42k
Expected spend = $325k
So if there is no “successful completion of the ((next)) capital raise” what next?
Ann: Quarterly Cashflow Report, page-2
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