AT the end of Dec 2018 , had $2.69M COH , estimated outgoing for March quarter $2M , so COH was always going to be a problem .
Unfortunately for SHs , the need for cash happened before the OT , was always a very real possibility.
The 10c surprised me , renounceable surprised me but the need for cash did not.
Ann: Renounceable Rights Issue to raise up to $6.2M, page-43
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