"The Directors are conscious of the need to balance raising an...

"The Directors are conscious of the need to balance raising an appropriate
amount of funding for the Company whilst ensuring the value for existing
shareholders is maximised and reducing the impact of dilution where possible."

Sorry but this is completely false, risk in cl8 has reduced dramatically and exponential growth is now proven, the company is now structured well and revenue is great however new investors can get in at this low price with all that proven (just before next promising quarterly).

The company is lining the pockets of management again before they release all the good news we know about. Wouldn't surprise me if management get all these shares, with the free option its .018c a share.

As I mentioned previously when cl8 ran hard into the .04+ any smart director should have raised then for .035c and raise $1.5m, it even held for weeks at .033c but it looked like they wanted the interest to go and wait for it to settle at low .02c then they raised. (For management)

We are all being played no matter what they say.