Ann: Entitlement Offer for Growth Capital, page-10

In their space, not being restricted by low cash flows is a good thing right now.

This is the perfect opportunity for them to capture a larger market share, if it doesn't happen over the next quarter, it never will. I was hoping a capital raise wouldn't occur so early though.

With a current market cap of $5m, this could be an early AR9 (which also has extemely low revenue). I haven't factored in the additional shares from the raise.

One decent contract could help validate their service offering further and possibly deserve a re-rate if it multiplies their revenue. That could propel the market cap to $10-15m when comparing to asx peers. That's an interesting multi bagger potential in the interim.