Ann: Appendix 3B, page-7

They might also dump them on the market next week to recoup their expenses.

A few hundred thousand shares here, a few hundred thousand shares there, a couple of million somewhere else and pretty soon you are talking serious dilution of shareholders.
Now that the company has borrowed money, and been going down this path of borrowings since last year, wouldn't it make far more sense to pay with cash, especially as the shares are meant to be way undervalued at current prices?

Assuming of course the company does have the ability to access the loan funds and there aren't any clauses in the loan agreement that state revenue is flowing from DSO sales first or something similar.

Personally I'm expecting a far larger cap raising 'soon'.