Endergame , where are you getting these assumptions from ? this is what the announcement says below , RHT is in complete control at all stages who also have the benefit of a $6 million finance facility if they require it , its a growth initiative without shareholder deletion .
Standby Financing Facility Agreement Resonance Health is pleased to announce it has entered into a Controlled Placement Agreement (“CPA”
with Acuity Capital Investment Management Pty Ltd (“Acuity Capital”
.
The Company views access to this standby facility as one of a suite of tools available to increase funding options and strengthen the Company’s capital management capacity.
The Board believes it is prudent to ensure the Company is well positioned and can, if it chooses, implement flexible and efficient capital management options.
The Company retains sole discretion as to whether the CPA is utilised. The key features of the CPA include:
ď‚· The Company is provided with discretion to raise up to $5 million over a 26-month period without any restriction or conditions on strategic partnerships, joint ventures, acquisitions of any assets or on the timing, nature or amount of any other equity or debt funding mechanisms.
ď‚· No obligation on the Company to utilise the CPA facility and no penalty or fees associated if the Company elects not to utilise or cancel the CPA facility.
 If the CPA is utilised, the Company retains full control over the CPA process including, the Company’s ability to determine:
o Each valuation period (if any): being the date(s) over which the volume weighted average price (“VWAP”
and final issue price are calculated;
