Hope so but I doubt it.
The 31-3-16 #5B Report showed $67k cash on hand and $100k estimated expenditure for the June Quarter and that the Rights Issue in February raised just $100k from the $1.8m sought AND they had to issue $84k worth of shares (at a discount of 37% to the Rights price) to cover the $84k costs associated with the Issue. $84k to raise $100k.
The company can no longer claim “strong shareholder support” so please tell me what will make the share price bullish.
Hope so but I doubt it. The 31-3-16 #5B Report showed $67k cash...
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