Not much to be said on here until we know the company is solvent...

Not much to be said on here until we know the company is solvent and has sorted out its working capital. As can be seen above, the company continues to execute, and the funding, I assume from the end of the update, is coming directly from Craig & Niall.

I expect them to be working a couple of capital raising options, one a stock standard ASX CR raising around $5m to $7m at the standard discount to the 30 day VWAP, and the other aimed at investors in the US. I expect the first option has most likely been organised as option B, but delays are in trying to get a US deal over the line.

Of course the 3rd option is struggling to get any funding at all, but even my most pessimistic self can’t see that. A reminder from the end of this release … Craig & Niall continue to throw there own $s at this opportunity based on what they are seeing.

I am in the USA for the next few weeks, hopefully this is all sorted before my return.

All IMO and not financial advice.