With respect, it's not a good thing when the ASX writes to a...

With respect, it's not a good thing when the ASX writes to a company and points out that it is expecting to run out of money (without further capital raising) in the current quarter.

I note that the company did not discuss the further two funding options in its quarterly report the day prior. My guess is that those two options were not as palatable as a 'cornerstone investor', albeit if the ASX asks you a question you have to give a full answer. It would have been an issue if the company did not mention these two funding issues, then showed up later with funding from an alternative source.

Anyway, good to see the ASX noticed this. I certainly did.

Each funding option is going to cause dilution to existing holders, I will be interested to see what share price any further funding comes in at. Keeping in mind there's a big % difference between each pip at this stage, I would envisage the cash situation puts the funders in a strong position.

Good luck to all