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Bendigo Bank says Blockchain is future not Crypto, page-9

  1. 424 Posts.
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    I'm not sure where all this talk of a CR has come from - they should have about $950k in the bank as at the end of last month. Given their current cash burn of approx $300k a quarter, that is another three quarters fully funded. They also just arranged the ATM facility with Actuity recently, which provides a safety net if further capital is required for an unexpected purpose - ie a further acquisition. I might add that this dilution is already factored into the market cap as the shares have issued. I'm still confident that this will be above 3c by Jan, considering that is the strike price of one tranche of the unlisted oppies (of which the directors and related parties hold plenty). These expire in January and the clock is ticking - personally I will always bet on a director's self interest as prime motivation to get the share price moving.
 
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Currently unlisted public company.

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