Ann: NNG pro-rata non-renounceable entitlement issue Prospectus, page-23

I'd not seen this guy. Thanks for posting it. Good analysis on the face of it. He didnt ask the obvious question of why raise $6.2M if you dont need anything like that to grow organically. I didnt watch it all the way through but I think he missed the whole point of using the funds to get to cash positive and re-rate the SP. NOte that he also has the market cap wrong. Its a problem on the ASX where the escrowed shares arent included in the MC calc so its understated. You have to find the true SOI and multiply it by the SP.