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15:52
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Originally posted by MrMysterious:
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“Following the close of the Offer, the existing cash held by the Company, together with the funds raised under the Offer, and Shortfall Offer, the Company has approximately $3.36m (after costs of the offer) in cash. This ensures that the Company is adequately funded going forward and as set out in the Prospectus, the Company has developed a clearly defined business framework that covers its strategic goals to develop and commercialize its investments over the first two years following its Re-Instatement. The Directors are satisfied that the Company will have sufficient working capital to carry out its objectives as stated in the Prospectus.”
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It's gone $1.5 to advent, $500k in wages, $1 mil to advent for another investment and $250k in raise costs.
(20min delay)