Ann: Entitlement Offer for Growth Capital, page-2

Really???

Asking long suffering shareholders to tip in once more with a 1:2 entitlement offer, good luck with that. Aside from gaining any material traction with product sales, a failed corporate transaction and stock consolidation certainly not leaving a good taste with long suffering shareholders.

The Co would want to hope that the newly initiated pump crew that has been involved on market over the past month are prepared to put their hands in their pockets to keep the dream alive.

The net proceeds of the Entitlement Offer will be used to:
• accelerate key strategic priorities;
• take advantage of data security market tailwinds;
• invest in next generation technology;
• to consider appropriate acquisitions; and
• strengthen the balance sheet

How about using the proceeds to deliver on revenue generating opportunities for the business?
Seems pretty key don't you think?

Any update on the recently disclosed 'royalty' claim that the company was looking at from a legacy transaction? Seems odd that this was only brought to shareholders attention the last time the company raised capital ~ 6 weeks ago....