While anyone could be forgiven for thinking this is the same old...

While anyone could be forgiven for thinking this is the same old story, the structure of this raise is somewhat telling. I suspect they are pretty confident of getting the $3m contract they speak of and as a consequence the options are going to be exercised and provide funding for future growth and momentum. The piggy back option structure has been used by several other ASX companies, and IMO, is a good way of enticing money in through this raise, but also rewards investors who still have faith. I am well underwater like many here, however, I am taking the opportunity to average down here with a further smallish position. These guys are kicking goals and doors are opening up. The final stretch of a marathon is always a struggle and I am prepared to back these guys to make it across the line. I understand that many others will not.

Jim has done this before and I am backing him to do it again.