If the new placement shares and options had simply been part of...

If the new placement shares and options had simply been part of the original IPO (2c share plus 1 free 2c option for every two shares taken up) no one would have batted an eyelid and we wouldn’t be seeing any of this hand-wringing, IMO. As it is, the new subscribers have had to pony up 50% more, but it was only a small raising, anyway, certainly not sufficient reason to throw your hand in.
EM1’s future, if it has one, is ahead of it, management have shown an ability to think on their feet and adapt when necessary, better raise now and move forward confidently than wait until funding pressure arrives, at a point of weakness, in other words raise before you need it, it’s a lot more difficult with your back to the wall.
Having come this far and been given a glimpse of the possibilities ahead, shouldn’t we at least ride on until the launch, and beyond if the signs are still good? That’s what I’ll be doing, hope to see you there when we look back on this event from the perspective of the higher ground
B22.