ADO 0.00% 2.1¢ anteotech ltd

Shooting the breeze on ADO, page-1310

  1. 1,493 Posts.
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    Why would they raise now.. $10m cash on hand end of June current cash burn is around $1m a month still have R&D rebate last year was around $2m in October from memory, then have options conversions $2.4M to come March 23 given vast majority of these were received for free by very large longterm supporters and they are well in the money hopefully they are converted.
    Assuming options are converted it would leave roughly $5m in the bank end of March 23 without making a cent at current burn would it not?
    Sure if no revenue by then a raise may come but a lot could happen between now and March 23 that could massively change the fortunes of the company.
    Test approvals, Ellume finally scaling up, winter covid wave in Europe, Flu combo test approvals, gov support, battery partners ….plenty could change the balance sheet very rapidly. Why would anyone consider a raise with a cash reserves not running out until August next year on current burn….enlighten me if you can, what’s missing? Did you miss the jump this week?
 
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