Ann: Funding Update - 3 Transactions being pursued by the Board, page-46

Best possible outcome is a potential of a bidding war between Cakra and mystery ASX entity (NHC, WHC or AJM imo)

We've been set around a 4 week timeline from hearing back from ASX entity. So 3 weeks thereabouts from now. IMO this is management publicly putting the steel on Cakra telling them they've got 4 weeks to get it together. Judging by the current SP trading (deliberate sell down) they will make a revised offer.

As a speculative guess Cakra will soon announce an 11c cash/13.5c scrip offer which will be outbid by ASX listed entity of 15c scrip