The recent cap raise occurred on the basis of the representation...

The recent cap raise occurred on the basis of the representation that the funds would be used to "accelerate expansion". Looking at the published trading figures, I could not see the 'expansion' which was to be 'accelerated'.

TDB, who in my experience is usually on the money, suggested that a possible plan was to expand the rate at which consultants were being engaged. TMHRD, who in my experience is not on the money, thought it was silly to ask any questions as to the proposed application of the funds. Apart from that, there were no ideas offered.

Now that the funds have been raised, does anyone have any insight into what the funds have actually been spent on?


R.S.