ESK 0.00% 20.0¢ etherstack plc

News: ESK Etherstack proposes A$9.6 mln capital raising

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    Jan 19 (Reuters) - Etherstack PLC (ESK) :

    • Etherstack PLC proposed A$9.6 million capital raise (ESK)
    • Cash from operations in 2015 will be positively impacted by tax received and a reduction in accrued income
    • The 2016 results are anticipated to be a marked improvement on those for 2015
    • Says ongoing cash costs have been reduced over the past 2 years
    • Anticipates the combination of reduced costs and increased revenues will result in a positive EBITDA result in 2016
                        
 
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