Its the first time in a long while i've seen a CR done and no discount and apparently no problem raising 9 mil+. Not even selling down to issue price as yet, only offers on the board are for 4.6c . Realistically this should absolute worst case provide support at 3c. Now we are cashed up there should be one less concern for prospective clients pulling the trigger. Still a substantial tax refund to come also, and it appears cash burn now reduced to sub 2 mil a qtr, unless they ramp it up again now.
Either way still seems good as directors need a return on investment too so no just sitting back burning funds for another 18 months imo. Finally feels like we actually have a chance, though still highly speculative.
Bloody well done raising yhat amount at no discount with no freebies. I guess it helps if clients ask "if its so good why dont you invest" and directors can say take a look at substantial holder list.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)