Ann: Investor Presentation, page-15

Through to June 2021???
Negative cash flows from operations (excluding anything to do with the Wizdom acquisition) almost doubled from 2018 from -$17m to -$33m. Who is to say it wont double again this year to $66 mill in pursuit of that magical $100mill ARR. I calculate they probably have about $11 mill cash left at present + $55 mill from this raise = you guessed it, $66Mill.

In other words see this time next year for the 4th annual September capital raise carnival. You could could set your watch to it. $55 mill for nothing new in particular was not some random generated number. And 20% plus dilution to the value of the shares you own is a huge amount esp considering the CEO floated the possibility of no raise earlier in the year.

$55 mill cap raise tells me all I need to know about what to expect for the next 9 months.