It's the potential $15m cap raise that is the issue here...

It's the potential $15m cap raise that is the issue here for 2 reasons.

1: will be 30% dilutive are these levels
2: is a must have in order to grow the business. Catch 22

Furthermore, the 180m options and performance stock require a share price well north of 20c. Not happening any time soon.

Will the $15m raise be via the Nasdaq? I think not. If the raise is linked to a significant purchase order then it could be well received. However, going on the companies track record I disappointingly doubt it.

This AGM is going to be a cracker. I will be summiting a long list of questions as I have for the past 3 years. I will also be voting against the issue of performance stock. I will be interested to see how these new shareholders vote.

If the company was smart, it would deal with the bulk of the anticipated questions in market update before the AGM. mostly like with the 4c

If this gets back 20c this year it will be a miracle.