capital raising, page-2

IMO it is related to funding their expansion into the USA.

I thought existing cashflows would have been enough, but they obviously have other plans.

If a connectivity partner will expose them to multiples of the Australian market, they are likely to need more than the existing +1m cash on hand.

I wasn't expecting it, but it is not a hge surprise or without justification.

Let's hope they issue the shares at a good price and it gives the market further confidence in the company.

All good IMO.
Looking forward to more info.