pleasantly surprised that they were oversubscribed, but perhaps I'm a little less confident in the board given their track record (although Mal Maginnis in his discussion with Andrew Page of *** sounded a lot more impressive and focused than the previous CEO so perhaps some of those members helped get this over the line.......at $30k open to all, it would not have taken a lot of investors)
anyway, they have the cash and hopefully now it is down to execution......and the board should really consider their capital mgmt strategy.....if they are looking to double revenue between FY24 and FY26, it's going to need some serious working capital so hold on to that cash and don't pay out unfranked dividends!!!
pleasantly surprised that they were oversubscribed, but perhaps...
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