Ann: Trading Halt-ZYB.AX, page-79

If raising at 0.6c is true then Management wasted a great opportunity to let the share price run and raise higher

You just don't get it jazzmox. Share price was already factoring in a large raise. Potential POC with a large utility was already announced and it ran to its best ability. The announcement was designed around this capital raising. They managed to get it to 1c for a purported raise at .6c (which it seems they are finding it difficult to raise at that price). Imagine if there was no announcement and it was stuck at .6c, they'd be trying to raise at .3c.

Why are they raising now? In my opinion they are not confident that there will be enough progression before they run out of cash (3-6 months left, no more) so better to raise now while they can. Things can go very pear shaped if you try to raise at the last minute with no cash left in the bank and fundamental progress not quite going to plan.

Everyone should have known there was a large raising on the cards. I've been suggesting this for a while and accepting the abuse. There should be no surprises at what is happening right now.

The one thing I will say is that if ASX/ASIC were doing their job they would investigate the claims of oscar that ZYB management claimed there was no imminent need for a capital raising and if true, why 2 weeks later have they announced a capital raising?