Ann: Half Year Accounts, page-2

"Subsequent to the half-year period, the group raised $4,000,000 of capital from sophisticated investors. The capital raise
was conducted by Clee Capital in 2 tranches: $1,816,622 was raised on 11 February 2021 and the remaining $2,183,378
that has been raised is subject to shareholder approval at an EGM on 30 March 2021. Following the capital raise the group
will debt free and with a strong balance sheet to give comfort to enterprise clients considering Wooboard. For these clients,
the due diligence process is a long one because the decision to move their entire workforce (with sensitive employee data)
on to any software platform is a serious decision requiring multiple levels of sign-off often at domestic and global leadership
levels."

In my opinion, the sophisticated investors like the new management as the new management easily raised funds or capital....current shareholders are hoping the new management will make this company profitable to both sophisticated investors and long term holders..
fresh start from here?

dyor