which one is worse, or larger?
capex required or creditor amounts
that is, future capex required to get to profitability
or
existing amounts owed to creditors
I'd suggest creditor balance is larger, that is, past transactions that have given rise to obligations, transactions that were approved by the scum doctors and the likes of fraser the eraser.
of course, future capex includes any Capex requirements arisen in the past but not yet fulfilled e.g. deferred capex, lack of maintenance etc.
it can be calculated:
the 6c raise amount proposed
less the existing creditor balance
is the Capex amount plus working capital
working capital of course is code for directors fees.
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