EOS 6.83% $1.30 electro optic systems holdings limited

Ann: Oversubscribed placement raises $60m plus SPP of $5m, page-7

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  1. 2,015 Posts.
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    Also raising $50m to then hold as a performance bond, with that cash just sitting there and then coming back to EOS, makes no sense at all. What a lazy way to use your balance sheet. Cant we jsut get a performance bond guarantee from a Bank or insurance company rather than raising $50m in cash?
 
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