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Best check your facts again cobber. You have got the wrong end...

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Brumbypat

920 Posts.

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31/07/18

20:31

Post #: 34656596
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Originally posted by money123 ↑

1.44m cash left at end of June. With outflows expected to be 4.2m in Sept qtr

3m from asset sale hit in July with another 3m in sept. Total end of sept is circa 3m including current cash and outflows but not including below payments.

Apparently all $6.7m in the rights issue will somehow find a home from “external investors”.... bringing total total to circa 10m.

Both deals require $20m in cash to be paid as equity component is deeply out of the money....something definitely not right. Even if all the cash comes in from the rights issue there is still not enough cash - $10m still short and even then no cash left to spare.

Currently based on commitments it’s insolvent.

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Best check your facts again cobber.

You have got the wrong end of the pineapple on the GBS acquisition and how it can be paid for.

Best of luck with your trolling though, might help me get oversubscribed in the placement.

Hooroo, and see you at $1.50!

TBH Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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Last 9.2¢		Change 0.002(2.22%)		Mkt cap ! $88.79M

Open	High	Low	Value	Volume
9.0¢	9.3¢	8.7¢	$91.46K	1.012M

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No.	Vol.	Price($)
1	500000	8.7¢

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Price($)	Vol.	No.
9.2¢	2702	1

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No.	Vol.	Price($)
1	500000	0.087
1	16499	0.086
5	303294	0.085
2	512000	0.083
1	585	0.082

Price($)	Vol.	No.
0.092	2702	1
0.093	266441	2
0.094	25411	1
0.095	50500	3
0.096	300000	1

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