$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.
AEB Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held
