Thanks @stumpytrunks
so a decent result at O2 would mean $1m+/year to MEL and put MEL into a cashflow positive position. I would make sense then minimise the capital required to get to that milestone. Hopefully the directors see it the same way. As you said they have skin in this also so will want to minimise any dilution.
Ann: Termination of Keybridge relationship, page-32
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