The Offer raised approximately $1,250,205 before costs, including debt conversions by DGR Global Limited and members of the Board and management team of $700,596. Accordingly, the Offer gave rise to a shortfall of approximately $1,801,790 which the Board will seek to place over the next 3 months.
So the board and management floated more than half the money and the raise still didn't even cross the halfway mark (and it included debt to shares...soooo imaginary money) then before costs.......about time they lost money too.
So accounting tricks aside they'll have about 1 million in the bank.
