Yeah, so 3DA was struggling to get cash together and was almost...

Yeah, so 3DA was struggling to get cash together and was almost a delister before Hank Holland and Pegasus Growth capital came in to take a large stake in a raise and has since participated in a couple more to give the SP a foundation around 15-20 cents or so. After that they redirected to the US and Hank sold the company well by securing an offtake agreement and a facility in the US with funding and assistance from state government. After that he paid for research on his company and speculation on future revenue growth and sold the company with a series of presentations.

Overall, they secured capital through raises strongly supported by Pegasus, secured an offtake agreement and funding for a facility and now investors are expecting powder churning by this financial year's end and break-even numbers next financial year. Keep in mind Pegasus now owns over 40% of the company.

AML needs an US institutional investor like Pegasus to come in and help secure capital by supporting a future raise to provide a foundation for the SP to settle on. Then they need to sell the business well and bring people's expectations up for future revenue growth.

IMO the raise amongst shareholders might be a good idea first before an institutional placement because it can both allow holders like Andy to secure company ownership a little more while salvaging some capital before a future institutionally supported raise and buy time to delivers improved revenue reports and a few contracts to bump the share price up before a larger institution buys up a significant portion of stock.