sorry, I've given the wrong impression. I don't see it as an issue either, but there is some dilution which is fine if it helps the company grow and perfectly normal for small caps. What's good for SIX is that it has a sales pipeline to hopefully become self financing but will need addition fairly soon.
Didn't mean to leave the impression I was against it or had an issue with it but it is still dilution meaning more SOI. According to ASX, SIX has 545,624,791 SOI. My understanding is the loan melburnian mentioned is a bit more than 10% of SIX's current market cap of $24.55m. Effectively the company has been diluted that much to get to where it is, again, fine if it helps it grow. FWIW, relatively low SOI for a small cap.
However, cash burn last 1/4 was $1.6m and SIX has 1.1 quarters of funding remaining and no existing open financing facilities so may need cash soon if anything effects current sales forecasts. Fortunately it doesn't have a loan to repay.
References;
ASX:
https://www.asx.com.au/markets/company/sixQuarterly activities statement:
https://cdn-api.markitdigital.com/apiman-gateway/CommSec/commsec-node-api/1.0/event/document/1410-02833273-6LF9RUIC5L83RBF4KK44ACGHPS/pdf?access_token=0007bZxee0BVYyibc1sZ0c6G8wCo
