At the end of Q3 they had $8.2m in the bank, sounds good doesn?t it?
But only around 1.2m of this was available to withdraw on call!! Why would they have all these deposits? Anyone know when they matured?
ACL burnt over $2m in Q3? included in this was about $1.1m of R&D costs.
To me this is leaning towards a capital raising as ACL is simply running out of funds to keep the lights on?
I hope I am wrong!
could this be it???, page-53
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