Ann: Shortfall Share and Option Issue and Appendix 3B, page-10

Been on the sidelines watching this stock for a while and took a position yesterday. My take was;
- Binding HOA with Riva group with a commitment of 37million shares @0.043 = $1.59mil
- issued 3.1 million fully paid ordinary shares to eligible share holders for a commitment of $136K

- Reportedly reducing costs, expanding reach, focus on marketing  
- Allotted 42million shares @ 0.043 = $1.8mil from a strategic investor

What swayed me was the confirmed allotment of 42mil shares to a strategic investor @ 4.3c. Although Riva has not been allotted it is binding, must be a matter of time before funds are received? If it was good enough for a strategic investor to stump up $1.8mil, good enough for me to take a punt.​