on what basis would they need to do that?? - thankfully that is not something we need to worry about (unlike alot of other companies at a similar stage!)
As has been communicated numerous times the company is well funded:
- Weebit remains well-funded with a strong cash balance of A$67.8 million as at 31 March 2024.(Q3 FY24 Quarterly Activities Report)
and why would they look to raise at the current price??? (in hindsight the raise at $5 was a masterstroke - I remember at the time everybody was upset it was done so low)
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