ESN 0.00% 1.6¢ entellect limited

Ann: Trading Halt , page-25

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  1. 688 Posts.
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    Much as I hate dilution, is $464k enough ? With historical burn rates that is only really enough to get through one quarter only ?

    Either:
    - they are very confident on the revenue; or
    - they weren't confident to try and raise any more; or
    - that was all the capacity they had without going back out to shareholders to approve?

    I am still digesting the whole lot - Looking forward to the 3Bs as I suspect that Borris worst case might be the actual case (shares issued cheap with attaching oppies)
 
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