Ann: Total funding of A$1.0 million provided by Directors, page-3

  1. 155 Posts.
    lightbulb Created with Sketch. 55
    Wow, they raised $10m less than a year ago, and then a $3m loan facility on top of that with a $2.5m drawdown straight away, and now another $1m, and I have probably missed something.
    I dont think 12% is that unreasonable given there is no security and the risk.
    It all sounded so promising, but I am starting to wonder whats going on, I'm too lazy atm to read all the announcements etc. When will the cash run out and when will they need to raise again or borrow?
 
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