I have done a bit of a review of the possible regulatory approvals they might be seeking on the ASIC website......it could be quite a variety of possiblities so I won't speculate too much, some interesting reading though.
Best we wait and see really, any convertible note they might consider would have to be IMO on limited dilutive terms given the statements they just made regarding dilution or an offshore investor looking to take immediate equity might need approvals for on-selling shares?
This is also IMO why they appear be considering these recent expressions of interest in investing in Collaborate as a possible alternative to the fundraising deal they are close to concluding.
All the above is not my area of expertise, so please DYOR.
Ann: Operational and fundraising update-CL8.AX, page-40
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