Possibly because they've been acquiring profitable...

Possibly because they've been acquiring profitable businesses through Capital Raisings at successively lower share prices and absorbing into an unprofitable core.

The reduced cash burn and other commentary is certainly positive but as a holder that last comment about "capitalise on growth opportunities" following on from the $6m net cash statement chills me to the core.

It's ambiguous. Are they intending to settle down and run the business to a profitable state now (organic growth) or is this statement flagging the intention for another diluting Capital Raise for another acquisition to be followed by some generous options to management?

I hope for the former but fear the latter. Otherwise I would have bought more today.