Wow, cap raise. What a surprise. Got a bit of heat for calling that out but the numbers didn’t lie - there was simply not enough cash to fund working capital for two phones coming into Christmas.
At least whoever is the broker on it was ramping the stock last week - classic move, which is actually good for shareholders as it avoids a really low raise.
Interested in the significant customer bit and the detail on the amount and price of the CR. At least we remove balance sheet risk.
Ann: Trading Halt, page-3
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