If IRL needs to raise additional funds it would be disastrous at these levels. Without any rise in sp we would see a placement at 4 cents which would see the number of shares on issue doubled to get say $7million.
"Cash positive by end of this quarter" better have been a case of not realising we are now in July. If it's not going to happen NOW until September, then what is our cash burn rate...and how much is left?
We've been collectively screwed on this one.
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