It looks like they are not going to place the SPP shortfall....

It looks like they are not going to place the SPP shortfall. They were after $6m and only raised $353k. The 4C is due out within 2 weeks, so will be interesting to see how they are surviving the covid lockdowns. The second court case (AAT) is scheduled to conclude on Wednesday, the cost of both these cases won't be shown on the 4C (unless prepaid before June 30).

What is also of concern is the Placement & SPP triggered a change to the Detachable Warrant (convertible notes) exercise price. From that announcement:

Detachable Warrants to Lucerne with an exercise price of the lower of 12

cents per share, or 20% discount of any future equity raise, exercisable up to 4 years from

the Initial Drawing;

So they are now exercisable at 2.4 cents which is significantly more dilutional than the original 12c