I could be wrong but reads to me Booker put in $2m via the loan...

I could be wrong but reads to me Booker put in $2m via the loan notes at 18%. (Nearly all of what NET) got when chasing $10m.

Better interest rate than the existing loan terms they started at 6.8%

it is a worry if he doesn’t commit anymore as probably the only reason it has survived this long

In any case, how does NET complete a cap raise other than from the same interrelated people, to keep in life support.

Just keep cycling money in, pay their own loans and take as fees, consulting, expenses accounts. Can’t see any average retail investor investing in a cap raise.