Ann: DroneShield completes $1.3 million placement, page-2

Finance wise as I see it with rounded figures used.

Cons:
- Chasing $2m and got $1.3m. Demand can't have been that great as they state. Hard market to raise capital in.
- 21% discount. Again a pretty decent discount but not unlike other start ups chasing coin.
- $1,555,000 cash out flow this quarter.

Pros:
- $1.3m CR cash
- $1.88m loan facilities
- $1.2m Cash on hand Dec quarter
- $728,000 first three weeks in Jan

Accessible cash on hand end 1st quarter 2019 conservative i.e no sales after Jan = ~$3,500,000 ($5,000,000 - $1,500,000)

Allows + 6 months operational funding without any sales or rebates. With sales I'd say DRO turns a  healthy profit this quarter based of Jan sales but To be confirmed.