People just need to relax and think about how far the business...

People just need to relax and think about how far the business and the SP have come.

I agree that the CR has momentarily taken the wind from our sails but to suggest that it was only done so Jack could help his mates out is ridiculous. I work with wealthy and successful people (like Jack) on a daily basis and 99% of them value their reputation above making more money. If you understand how a business conducts a CR raise you'll know that the price of 26c would have been set early last week or when they were doing the broker road shows. Therefore 26c would've still been a decent discount but they couldn't anticipate that the SP would get to 41.5 before the CR was announced. Simply put, if you want money from the big boys, you have to give them an incentive. They're not just going to give you $12m because you're a nice person or dare I say it, you have a good power point presentation. Also, if you think everyone is going to 100% of their allocation in the SPP you're dreaming. This will be scaled back by about 80% minimum.

As soon as I read the announcement this morning and it didnt mention a specific reason for the CR ie, to buy a bunch of readers to meet demand or to fill a large order, I thought that if it settles in the mid 30's it will be a good outcome. I still believe this is where we will settle before an actual contract announcement, no way we will get to 26c. Not down ramping here, just being realistic.

I definitely didnt want a CR at this stage but such is life. If we can stay in the mid 30's a month from now and have an extra $16m in the bank, I'll be very happy. Just think of how strong a position it puts the business in when it comes to executing sales contracts for our Covid tests, negotiations with Ellume and of course commercialisation terms with Collaborate 8.

I have no doubt that Good things will come, it will probably just take a bit longer than most people think.

Peekay