Fair cop PVPVG, the 1300 activating customers once processed and...

Fair cop PVPVG, the 1300 activating customers once processed and paying is a good start, provided they don't lose them in the process.

Re: Capital Raise: Yes $3.7m in the bank at the end of March and I'd expect operating cash flow to be approx (-$200k) for Q4 and development costs for Q4 to be close to a ~$1m and therefore cash on hand to be approx $2.5m or less at 30 June 2021.

They have used all of their 15% placement capacity head room, so any capital raised in the remainder of 2021 will need shareholder approval via an EGM or AGM. The markets are currently 'open' but for how long? If I was advising the Board, I would say take advantage of the markets while you can and whilst you have some currency in your scrip. Obviously, they will need to detail how they would use the funds raised and ~$10M for further App development, staff costs, advertising & marketing, and working capital could easily be justified. It's being a very long time since the company had the ability to raise any significant capital and the last time the share price was above $0.10c before the recent Slattery inspired run, was November 2016! I expect the Board and management will want to take advantage of that, sooner rather than later.

IMHO