Wtf are they doing? Spending $10k in legal and ASX fees (plus internal costs) to pay a contractor in stock (yay, dilution!) for currently $15k of work, max $45k of work.
I guess now they have a boilerplate prospectus, change the names and numbers, rinse and repeat for a mere $5k in fees for each contractor they don't want to pay in (a very dwindling supply of?) available cash.