"The CEO is anti cap raise, I wouldn't worry about it""Why do you think they will have to cap raise?
I thought they would be selling some product before that timeline and lots of the big expenses were already covered?"
You guys must be relatively new here?
12months ago they released an investor presentation stating that we were fully funded through to first stage production, and future expansion would be funded via revenue.
At the time SP was flying to around 8c and many here were talking up 20c in near term.
Literally weeks after that 'fully funded" statement came the 43mil cap raise, and the rest is history.
VML General Comments - Chat, page-5588
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