When I saw the quarterly cash report only having $1.8M in the bank I thought a capital raising would be on the cards.
I understand some see this as a negative however, there is no other way to fund it except with a lot of chook raffles.
The main thing I will be watching with this is how much interest they get and at what price they do the capital raising at. As the share price has been going lower I wouldn't be surprised if the funds are raised with free options with a low exercise price.
I'll be watching this one closely.
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