Quote:
Originally Posted by
minimoke
That is what i thouhht to except the prospectus says $3.7m
Please stop posting this garbage. You are either being needlessly antagonistic, or you are not very good at reading the prospectus. Or both.
I refer you to page 58 of the prospectus. It says Pre-IPO Capital raise of 3,669k This is as of 30 June 2014.
Now, cast your eye to the "Notes" at the bottom. I will set out Note 2 for you:
Pre-IPO capital of $3,988k has been raised subsequent to 30 June 2014. Costs in relation to this Pre-IPO capital of $319k have been incurred relating to advisor fees and these costs have been offset against contributed equity.
I really think you should stop trying to do the numbers. You're not good at it.
Quote:
Originally Posted by
minimoke
No. 8 Ventures? The prospectus only shows $700k in cash left
As of 30 June 2014, as above, you're not very good at this.
Quote:
Originally Posted by
minimoke
The prospectus actually says $2.9 but I didn't want to nit pick or cast too gloomy a picture
For one particular year, leading into commercial product, to which this IPO relates. Even then, prior to the pre-IPO and IPO the company was getting more than enough money from investors for this purpose as per page 60 of the prospectus. This is not a big deal.
Quote:
Originally Posted by
minimoke
THey have provided services and they will expect their account to be settled in full. If Glenn thinks he can go it alone I think he needs to move on from a back shed DIY mentality. I reckon a manager ( no matter who) is absolutely necessary
I'm not going to set out the remuneration provisions for you again. MJP and ORD decided not to go ahead with the services by agreement. If there was such a big hole in the costs then it would not be by agreement. In fact, the IPO just got cheaper than the costs you keep on quoting. You're just reiterating the same stuff and you're unfortunately making no progress on this front.
Quote:
Originally Posted by
minimoke
I have already conceded that time will tell. If you think you can do an IPO on the smell of a back shed oily rag I think you are off the mark
Great, you've conceded that time will tell. Excellent, time was of course waiting for you to make this decision.
Quote:
Originally Posted by
minimoke
They will sure need it for their next inevitable capital raising
By that stage it'll be too late for you to buy in at a bargain.
:D:D:D:D:D:D:D:D
Put the money into some reading glasses instead.