I doubt if there is much or anything left of the $3.8 million, I presume it's all been used/wasted on the GFG promotion and redundancies.
I'm sure the previous directors made sure there was nothing left before leaving, otherwise HAV wouldn't be taking a 0.5 million advance on this rights issue.
Still, I'm optimistic for the future as with these funds we can start afresh with a new outlook.
Ann: Rights Issue Announcement, page-6
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