Can anyone here clear this up for me?
I bought into this company after the market update a few weeks ago showing an improved profit and an improved cash position in excess of $16m. I cannot then understand why they would have to do a capital raising at this point to pay bills. Bit hard to get my head around this as debt from the HY seems to be just over $4m.
Ann: Sequoia Share Placement Oversubscribed, page-6
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