dory, this was an announcement from a previous report.
I don’t think anything changed since. It’s all under control!!
Quote from the announcement
“””””The Board is reviewing several proposals to strengthen our capital position, whether it be a formal capital raising or collaboration/joint venture with a potential equity partner(s). Whilst no decision has been made in relation to these proposals as at the date of these financial statements, the directors believe there are reasonable grounds to expect that they will be successful in executing prior to
the 30 June 2018 financial year end.””””
The board is reviewing several proposals including “joint venture partner” is actually an incredibly positive statement. It means the company is not reliant on equity markets for a capital raising. Ie The company can access funds to get to cash flow positive even during a worst case GFC type event.
