SEN will have to do a placement to survive and ask yourself...

SEN will have to do a placement to survive and ask yourself would you take up a share offering just to keep them alive? They had $5 mill in the bank June 30 2006 in their annual report and there cost of operations is about $6 mill a year. So with deferred payments from SFNT they probably have in the bank a couple of million dollars or enough to last another 4 months.Not counting extraordinary costs like the current capital raising etc.They will have to start the placement now to have it approved and complete within 4 months.
Back to 8 cents in the next 6 months I say.
DYOR