October 18 placing.....7 Feb 2019 20:17
The net proceeds of the Fundraising will be used to fund future growth to include investment in research and development and working capital to execute on the Company's order book, pipeline and growth plan.
Tonyj, for the last time R&D isn't done, it will never be done. This is a Tech Co., incase you wondered, and R&D is a continuous cost, that will only move up. Given they've not executed on the Company order book, revenue will never keep pace with costs, being both high staff levels and R&D. The market will be looking beyond Omni already, large sales of current Tech needs to flow to keep pace. Unless, as in CC's case, you can shake the begging bowl again. That route to revenue may not last much longer I feel.