"...entitlement offer to raise up to $2.12 million (before expenses) (Entitlement Offer) if fully subscribed. However, it is highly unlikely that the Company will raise that amount and the Company is, instead, targeting to raise approximately $1million". That's confidence.
Looking at the 2024 Annual Report - Employee and Directors’ benefits expense = $1,495,231. A $1M top up won't last long.
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