You had $4.4m at the end of last quarter, raised 5m and expected outflows of $4.7m. That should leave around $4.7m + the refund of the Winx Bond - so give or take $6m. Simply put the current SP can't be reconciled clearly; fair value is likely sub 1c. I'm surprised that it isn't trading at a discount to cash backing. A big shame for holders, but the potential upside was massive. Swings and roundabouts.
Validating ~$11M MC NOW, page-2
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