Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-15

The ASX notice says that members of the Board and company management participated in the share placement at 25c so of course the question is who and how much?
If a notice of Directors change in holdings in a few days shows that J Wells and other have chipped in big that would be significant!
No one likes dilution. The deal makes sense and is preferable to borrowing more from those London loan sharks. We've seen the bottom.