AEB 0.00% 0.9¢ affinity energy and health limited

Ann: Appendix 4D Half Year Report, page-32

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  1. 6,736 Posts.
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    $5m proposed capital raising and this is supposed to help them do what?

    $4.2m debt at the end of the half, an estimated $1.7m cash outflows for the March quarter with only $10k that spent on research, $34k on advertising and ZERO on producing any products for sale.

    $3.5m in cashoutflows per half and that is before any expenditure on capital costs and costs of production.

    A $5m capital raising will be insufficient to build anything of value to cover, or even come close to covering, cash outflows.
 
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