Disappointing. $4m capital raising at 12.5c, coming after a...

Disappointing. $4m capital raising at 12.5c, coming after a capital raising earlier this year at 20c. $12m market cap, so $4m raising is pretty serious dilution. They've said their underlying profit is expected to be ~$1.6m this year, which is actually a substantial improvement compared to the previous year. So why the need for successive ultra dilutive cap raises? If they have businesses which aren't profitable without jobkeeper, why keep putting money into these businesses? I'll keep putting money into this, but only doing it grudgingly, and because the new chairman looks to be actually competent, with skin in the game.