Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-21

They will not be cashflow negative now unless something goes very, very wrong...

Yes they raised 15 million, I partook...

I quote "Net proceeds from the Placement will primarily be used for capital expenditure, including
production capacity expansion and plant optimization, accelerating research and development,
increased sales and marketing and general working capital". - September 2020.

Then in the 2021 annual report dated 27/08/2021 the company stated:
* Total comprehensive profit of 2.179 million (after-tax).
* Cash and cash equivalents at the end of the financial year of 11.286 million.


Then 17 May 2021:


Note: Chinese and Malaysian expansion have added 25 million of supply capacity per year.

Then:
2 further supply contracts with new customers; VCS 8/11/2021 & Officeworks 16/11/2021


There is no way, anyone in their right mind can see all this information and come to the conclusion they will need to raise capitol.
NO WAY.

So, taking this into account, the only reason they would raise capital (which I doubt they would) is for some kind of acquisition or some new asset such as more manufacturing or warehousing in the US etc... which are only further positives.