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Capital Raising, page-5

  1. oakeydoke
    330 Posts.
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    07/08/14
    17:24
    Post #: 13785637
    In the last quarterly they reported $16m in cash.
    Their burn is high, $1.6m admin cost.

    They are also seeking to sell some of their non core assets.

    Can you please explain to all why they need to raise cash ??

    Perhaps you might start by referring to the last quarterly report
    MEO Price at posting: 8.4¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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