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Lefevre

10,088 Posts.

1034

29/07/24

16:27

Post #: 74966326
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Originally posted by green8: ↑

Another delayed shareholder update.

$15m raise at 15% interest will drain us $2.250,000 / yr.
Wont be long and we will be back to the market asking for more cash.
The board told me this will be the last raise before going cash flow positive... Don't think so.
Potential investors obviously didn't believe it either thats why its taken well over a year to do this raise.

Change is needed starting at the top.

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Surely the 15% p.a. interest is capitalised and payable in shares.
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