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Agreed, if they have to pay all this offTheres not enough...

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EsAsher

131 Posts.

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11/04/24

19:37

Post #: 73302721
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Originally posted by SBates: ↑

The "funny" thing about this raise is that none of the stated use of funds is to replace the $26m that was stolen (and apparently required to satisfy large customers of their solvency). No, it's just general working capital and costs associated with the investigation. They're still burning $2m a month. They'll be back with another raise before Christmas. I don't know why anyone would put a cent into this.

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Agreed, if they have to pay all this off
Theres not enough capital to survive another FY unless im misunderstanding this
There is no need to have money in the bank to provide confidence to the customers? Assuming McGoven was lying to cover his own ass
Last edited by EsAsher: 11/04/24

DUB Price at posting: 22.0¢ Sentiment: None Disclosure: Held
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