Ann: Notice of Annual General Meeting, page-11

So a cap raise at current market levels would be 960million shares on issue and a market cap of $50million AUD and infact makes market cap calculations pretty easy going forward (HA).

They've at least given us a breakdown of where the capital is going:

Expanding US Sales team A$2mio

R&D (PRIZMA G3) 1.2mio

Production of $7mio

Monitoring and infrastructure $2mio

and working capital $2mio.

Will see what the 4c brings, very hard to get a read on how sales are going, whether the IDTF facilities have normalised or any other progress with current opportunities. Given current information id say this gets raised below 5c a share

Unfortunately, to get the company to a position where it can grow and is not hampered by cash constraints, i think they do need a raise of this size. My issue with the company is execution - but if they dont raise, this could likely just fade away into darkness.

In startup terms, this looks like a Series B where the company is gaining some traction with products and needs the growth capital to accelerate sales.

This one is for the long haul now given that dilution