5. The Company continues to regularly monitor its cash resources to meet or exceed its business objectives. If the Company cannot meet its business objectives it will seek to raise additional capital. 6. The Company can confirm that it has been compliant with the ASX Listing Rules and in particular, ASX Listing Rule 3.1. m330505_1.DOC/JM Page 2 7. The Company advises that it is in compliance with ASX Listing Rule 12.2 and believes that it has the ability to raise additional capital if required.
What do you guys think, they are not concerned because they are confident that new sources of revenue via contracts will secure income, or they will be raising capital early next year to capture new contracts for latter in 08. Either way they need new money by mid 08. My take after reading the warning letter again is Mexcio will now only be finalised after FDA. Looking for a slow and steady rise in SP right though 08. No fun for DT, great for investors.
HGR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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