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IPO FFF, page-165

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    OK thanks...that's good to know (the one-offs), you may have deduced that I had only fairly rapidly run my ruler over it. What about my question around cash? They have $136k listed as cash as at the end of the FY. Also they have used convertible notes for financing, which must also vest in the form of more shares. Is it then the expectation that they IPO, raise some decent cash shortly thereafter (perhaps 15% dilution) to shore up the balance sheet? That's what I would expect based on my read of things.
 
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