Ann: Business Growth Update, page-13

I don't mind them dipping their toe in US waters as long as their main focus continues to be local. If they can strike a distribution agreement why not? But I dare say there are many distinct markets in the US so they're going to have to be very targeted (e.g. perhaps focus on California).

If they try a scattergun approach then I agree, a complete waste of money. As for the comments before the Capital Raising yeah I thought they needed Capital and SHOULD raise but was somewhat persuaded that they were going to try and get through. I do think some of the comments on that front were misleading so I'll be less inclined to trust management moving forward.

As for another raise, I won't mind so much if the underlying business is kicking goals and it's purely to accelerate growth (as per CCR for example) but if they're still hand to mouth (before break even as you suggest) then I'd give it a miss.