Ann: $5.9m Fully Underwritten Capital Raising to fund Hobart DC, page-34

I would personally wait for the Quarterly results look at the module sale gross profit margin which has been very low in the past.My other concern is dead weight cost of Melbourne lease is around 878k yearly with lease term of 7 years.There is too much of unproductive overheads .This capital raise is only to keep the company afloat from going under.During the time of recession companies will not move to edge computing or take up major IT upgrades .Matthew Madden should have been bought much earlier would have made big difference.The previous management didn't have any clue about running data centre like failure of Melbourne and Sydney Data centre not upto mark.