Most of these investors are currently capturing the 10% upside...

Most of these investors are currently capturing the 10% upside until their shares are allotted & then settled with the counterparty.

The only reason most of us are holding is that the tech is worth more than A$30m.

A downward slope and we will need another raise in October this year IMO (run a simple 1 year model at $8m receipts and you'll find a hole) unless the ship does indeed turn around.

12 cent raise - "I've seen far worse raises, this one is not bad at all."
8 cent raise - "Not the best of course but, not as bad."
3.3 cent raise - "Less dilution than RAAS forecast."
[1.8 cent raise] - [Coming to new shareholders soon]