chart discussion, page-175

I know they don't need fund raising anymore but given their legal obligation to do a CR of between $500K - $1M, and I believe they've opted to dish out 37.5 million shares at 2 cents
This gives a CR value of $750K which is well within the ASX listing rules...

So..... how will those 37.5 million shares be subscribed at 2cents? Is it given to existing share holders? or to their pals? or to brokers??

A CR is still a CR even if they don't need it.. and its a legal requirement rather than a business requirement by PSF.....