EOS 6.60% $1.13 electro optic systems holdings limited

Ann: Oversubscribed placement raises $60m plus SPP of $5m, page-9

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  1. 2,015 Posts.
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    If the preferred bidder contracts get turned into orders, will the Company then have to raise another$50m to deposit in cash to secure performance bonds?

    “This placement will allow EOS to forge ahead with the execution of all its current contracts and provides a stronger capital base for further expansion to meet growing demand.

    the above only talks about current contracts- what about future contracts?

    The company should clarify this.
 
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