RE: Fully funded?18 Mar 2025 16:54
Fitbrokerspal,
They didn't state that after the last placing, they updated it in a trading statement later on (4th July), where they said they said "based on internal estimations the Company has a cash runway into the second quarter of calendar year 2025"
Then in the final results they stated this "Based on updated internal estimates the Company now has a cash runway into the second half of FY26" This was an upgrade as second quarter of the calender year is Apr-Jun 2025, however it didn't say cash until 2026, it says until H2 FY26 which is from October 2025 onwards.
If people don't read what is stated properly then they come to the wrong conclusions, however I have pointed this out several times and most here understand what was stated.
Just like today's RNS they give their reasons for the raise and the fact it is not deeply discounted is a positive, but as an investor I would rather they raised before a stated date, when as others have said the World Economy is at a turbulent stage, where other companies are being offered savage discounts on their raises and as stated the money is being used to accelerate several things moving forward, the NCI stuff is really important and therefore FAB need to get on with their side of things. As an investor I am very happy with the change of plan, it makes the company stronger and brings forward potential outcomes and the revenues and marketing that surround those outcomes.