Australia's largest stock trading and investment forum Australia's #1 stock forum

IBX

Click for more information

15.4%

4.4¢ imagion biosystems limited

They had $13mil cash at the end of last quarter...A fair bit...

First 3 Last

Share
Profile

Follow
Salubrious

6,572 Posts.

1575

19/06/22

14:32

Post #: 62079016
Share

Originally posted by Stretguy: ↑

So the Auditors flagged the company's 2022 funding (1/1/2022 to 21/12/2022) as a KAM in the Auditor's Report for the year ended 31/12/2021.

They gave the company a tick for sufficient funding being in place up to 31/12/2022, I assume following representations made by the company.

But I'm interested in funding for the the year ending 31/12/2023.

I assume that the Auditors will be looking closely at the company's 2022 accounts for reasonable assurance that funding for the following twelve months (1/1/2023 to 31/12/2023) will be in place.

I've heard nothing from the company about funding initiatives for 1/1/2023 to 31/12/2023.

Does anyone have information on funding for the the year ending 31/12/2023? Possibly a CR or an equity partner or some other form of funding?

And would a CR be successful?

I'm not skilled in this field and this is not financial advice. Please do your own research.

Regards
Stretguy.

Expand

They had $13mil cash at the end of last quarter...
A fair bit should happen by the time that runs out, so, holders would be hoping by the time they raise next the share price is well north of here..
If you look at many other spec stocks pre revenue, you'll find similar comments from auditors.

Last edited by Salubrious: 19/06/22

IBX Price at posting: 2.7¢ Sentiment: Buy Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

ASX Market Open: US Fed keep rates on hold but September cut more likely | August 1

MGU

New results confirm Buena Vista's iron grades potential

There are more pages in this discussion • 3 more messages in this thread...

First 3 Last

Add IBX (ASX) to my watchlist

(20min delay)
Last 4.4¢		Change -0.008(15.4%)		Mkt cap ! $1.539M

Open	High	Low	Value	Volume
5.2¢	5.2¢	4.4¢	$2.848K	60.05K

Buyers (Bids)

No.	Vol.	Price($)
1	24385	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.3¢	5000	1

View Market Depth

No.	Vol.	Price($)
1	24385	0.041
1	15000	0.040
1	60000	0.039
1	130000	0.038
1	90000	0.033

Price($)	Vol.	No.
0.043	5000	1
0.044	4089	1
0.050	11750	1
0.055	188	1
0.056	6320	1

Last trade - 15.36pm 31/07/2024 (20 minute delay)

IBX (ASX) Chart