Yep - I get that.
The shift to a higher proportion of rentals in the fleet is not a shift to ALL rental.
The July 2020 raising generated $400k more than they planned for.
So the combination of the planned for expenditure (included in the $1.1m targeted in the 2020 raising), the additional $400k raised, and the increasing revenues through both sales and rentals growth may be enough to curtail any issues around extra cash being required.
It would be a good question to ask Gerard.
...
Ann: H1 FY21 Results - Investor Call Presentation, page-32
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