@Bitcoinkid I haven’t got the latest top20 and annual report would be outdated now, but you can email the company and request a copy.. under the corporations act they are obliged to provide the information with certain conditions and there may be a fee..
There was no placement as such, it was a walk up cash for convertible note deal which was then converted to equity through shareholder approval.. hpg property development and agam nominees provided 2.3m which was used to retire the majority of debt (was circa 2.9m) held buy gun capital and then gun used a debt to equity conversion for the remainder..
So although the SOI nearly doubled with the deal, the company is debt free, however I’d say they will need another cash injection next quarter..
