Q2 2019 was a landmark quarter for Prometic with a recapitalisation comprising the conversion of $228.9m of debt and $114.4m in new equity issuance. Over H1 total cash has gone from $7.4m to $81m, off set by total debt of just $9.2m. The net loss of $133.7m resulted largely from the non cash element of the loss on extinguishment of a loan of $87.4m.
