We have circa $2.5M cash at a market cap of $4M. I think a consolidation is definitely coming along followed by a backdoor listing of other assets from major shareholders. You definitely wouldn't tip money in via a cap raising for any other reason at this critical juncture. Without the injection we would have gone under and if you wanted to keep the company on life support we would have achieved this via loans from the new shareholders.
ALT Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held