Cap raising within the next 3 weeks or these guys are trading while insolvent, below figures are from quarterly cash flow and half yearly reports. DYOR
Dec31
Cash 362k
Forecast Cash flow Jan-Mar14 -275k
Current liabilities -72k
TOTAL 15k NET end of March, all goine mid April.
Plan IMO is to place those oppies with a broker to help them raise money. Still going to be hard and likey at a large discount to the current share price.
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Cap raising within the next 3 weeks or these guys are trading...
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