Good points - and an alliance would be welcome if it meant...

Good points - and an alliance would be welcome if it meant faster conversion/penetration.

However, even if it was a slow process, as long as the commitment to gradual growth was there, that should underpin a solid foundation in relation to the market capitalisation and SP.

It's how we remain a going concern in the meantime, which means we need some other way to fund ongoing operations - CR's are obviously not viable at these levels, so that is why this Fuji deal is important. We need a considerable cash injection to get us through the next 12-months (at a minimum). An alliance/partnership is an alternative.

I'm sure Board and Management are acutely aware of this and are working hard to avoid another CR (if possible).

As @rjacko states, it sounds like the finer points are being negotiated with Fuji and it is probably taking a lot longer due to our unenviable low bargaining power and vulnerability.

Regal Funds presumably took a punt on Fuji deal being signed and sealed by end of two-year agreement (late October) - which was a smart play - however dumped when it was revealed that the timeframe is unknown. I have no doubt they are watching closely and will pounce immediately once (if) it is announced.