Ann: Trading Halt, page-20

Struggling to see the sense in this. $5 million is no more than a working capital raise yet they are being drip-fed decent chunks from options exercises over the past few weeks and would have continued to do so. I was expecting a huge raise...but not yet. Aside from a cornerstone wanting to muscle in, what is the value or point here? Glad it won't be heavily dilutive but am confused as to the purpose and timing. Answers on a postcard please. Current theory is that a European equity holder further fluffs up European fund for debt equity further down the track.