Any thoughts on CHP's current cash position? As at 30 June 2017 there was were less current assets than current liabilities ($1,591k) + $2m capital raising makes for positive $409k (assuming no capital raising fees). Less MJLS ($631k) less 3 months of losses assume $200k per month ($600k). That seems to come with a cash deficiency at the moment of around ($822k). Therefore urgent cap raise needed - what price $0.002? $0.003??? Thoughts? Have I missed something?? Haven't seen the R&D announcement yet?
I can see why the auditors have expressed doubt about ability to continue as a going concern.
CHP Price at posting:
0.5¢ Sentiment: Sell Disclosure: Not Held
