EOS 0.39% $1.30 electro optic systems holdings limited

Ann: Oversubscribed placement raises $20.9m, page-17

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  1. 3,423 Posts.
    lightbulb Created with Sketch. 151
    They had $11m cash at the end of June. I am surprised they needed to raise $20.9m. In my opinion shareholders have been treated poorly. I am very disappointed by the 15% dilution.
 
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