I'm sure you're on the money (pardon the pun) re a Capital raising, we'll see the cash flow & forecast shortly, I suspect we'll see remaining cash below $2m, with a $1.3m a quarter burn. Considering where they have gotten to so far I'd be happy to tip some more in but I suspect that it will be a placement not open to us mere mortals..
Ann: UltraCharge to Acquire Evolutionary New LIB Cathode IP, page-4
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