Ann: Trading halt, page-39

I hope to be wrong on this. My concern (as a long term holder since the RAD days) is the dilution (and selling pressure) from the raisings in the past (particularly broker options). Millions and millions of options have been granted in the past which acted as an overhang on the stock for years and more recently, whilst out of the money, were given away either for free or at a cost of A$0.0001 for every A$1.00 raised in the last Placement.

If they had been better at timing their raisings in the past (typically at a market low although definitely not this time), there'd have been far fewer shares on issue and the SP could have been far higher. They extended the last raising above what they were asking for so it just seems poor to be coming back only 5 months later... Read page 2 of the ASX announcement 15/06/2020 to see how many basically free options were given away. Someone made serious coin if they held any...

I love the potential of this company (and the board), just don't want to give too much away to others who haven't born the risk and pain in the past.