Re watch the ****** interview of 9th August. They telegraphed $12 to $15m. It is to be corner stoned by a well known tier 1 institution, and there will be a rights issue in all likelihood to existing holders. He was very pointed in making it clear only existing holders will be getting access. So if you are retail, you will only get in if you already own and the more I own the more I am entitled to. There will also be no options because in JG's words they don't like the options overhang. So I would expect that brokers largely cut out of this ( awesome if that happens!) and existing holders will get a look in. It will be interesting to see if James takes up his own rights on the additional $300k in shares he recently purchased too.
The stock doesn't move much because brokers find it hard to get a look in, so do not promote it and you have to like not giving away a cut.
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