Yes there was 2.8 million in the bank as at 31/03/14.
Since then Shoply has raised 1.8 million through retail rights issue and received another 40K through exercised options so they have 4.6 million before paying 2.8 million for YHD which is a profitable business, which has also managed to increase its revenue based on unaudited 1st quarter 2014 sales mentioned in cash flow statement.
So unless expenditure in other areas increases substantially they should have sufficient cash on hand.
I think you need to take a cup of tea, a Bex and have a good lie down.
HT8 Price at posting:
2.1¢ Sentiment: LT Buy Disclosure: Held
