"paining the directors" Now that is a freudian slip! They had...

"paining the directors" Now that is a freudian slip!

They had 5.5m 3 months ago. + 4.7m raised in the SPP.
total ~10.2

4m for the acq

current around 5.1 left so around 1m in heavens knows what over the last 3 months. Presumably first class flights and hotels?

Desire for more cash indicates they may not be expecting any net income prior to the redrills?

Of course they could always go the BKP route, allow a complete collapse and recapitalize it to 'private placement' for 1c or so shares to get hold of the assets. god forbid.