$3.2M market cap. Only 62M shares on issue.
They already had $1.2M in cash as at June quarterly. They just raised another $1M at 5c. The directors took $200K and PAC partners the other $800K.
Total cash is close to $2.2M. EV of only $1M.
PAC partners were appointed lead manager took 8M options at 7c.
Looks interesting
