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0.2¢ linius technologies limited

there is the 57,000,000 shares issued yesterday at 0.3c pursuant...

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djwillis

1,011 Posts.

107

16/03/23

19:26

Post #: 66809997
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Originally posted by Revro: ↑

So reflecting on this, they raised $325,000 to clear this debt.

Obviously they didn't have 325k at hand.

Isn't someone here keeping tabs on their spend V cash at hand and weren't they running low?

If they are low on cash AND they've just raised to clear this 325K, then where does it leave them to keep the lights on? They wouldn't raise again in the immediate term, so there must be more money coming in the door now.

Am I making sense?

Ok, just took a look at their last 4C stated cash at $694,000 at start of quarter and $658,000 at end of quarter, along with commentary of $81,000 received in Jan (but not reportable in the 4C). So they didn't burn through too much in that Q

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there is the 57,000,000 shares issued yesterday at 0.3c pursuant to a notice in January for $171,000, and there is another $500,000 yet to come from that placement. So still plenty of cash at this point.

LNU Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
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