Ann: Results of Retail Entitlement Offer, page-7

well the less dilution the better IMO, hopefully gone to sticky holders.
as for Moelis, they will grab a few more, but not much circa another $1Million & slap their fees on top so their buy price is av down a bit more.

so 1 mill plus another mill on the way leaves about 6-7 Mill in the bank an we are near cash flow positive.

plenty of cash for the year, in hindsight the raise didn't end well, but choosing to raise at that time was wise.

market could have tanked earlier and IMO could have been worse or not tanked at all and raise could have been better, that's life & these markets.

big long term here is the UAV market where inmarsat & harvest are looking at setting the standards for UAV airspace protocol globally + the 5eyes / defense dept, this is years down the track but is where the big bucks is made.

I'll be buying any weakness from here.