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egm - res 2 +3 - board offers no recomdation, page-23

  1. dcob
    3,772 Posts.
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    25/03/12
    15:12
    Post #: 9890567
    I'm interested in your thoughts Take That plus any others for that matter.

    The rights issue raised 2.2 mil of the targeted 3.8 mil to fund the DFT plus working capital.

    In around a year from now, any capital raised would be expected to be much higher than now and with a commitment from Monash for 4 mil, why wouldn't they buy out the con note to get it out of the market?
    ESI Price at posting: 1.7¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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