Furthermore, it would take an idiot to say the oppies are out of...

Furthermore, it would take an idiot to say the oppies are out of play in late August with this new company growth.

Oppies, IMO, will be converted avoiding any cap raise.

Just lol at thinking the options are going to save the company from another capital raise. Only an idiot would actually think this is possible.

For the options to be in the money the stock would have to be trading at a minimum of 6.5 cents or more a month before expiry.

Total amount of shares including options and unlisted options at or below 6 cents, but excluding unlisted options above 6 cents is 743,734,793. The implied market capitalisation would be over $50 million.

The stock would have to 5 bag in just 9 months while having just $3m in the bank.

Even if a miracle happened and swarms of users joined the platform there would be an even greater incentive to raise capital. The sales team wouldn't be able to cope and customer service would collapse.

Which ever way you look at it there's going to be a capital raise. That's why the stock is getting hammered. They've obviously been shopping around for funds but it looks like there are few takers. My guess is that convertible notes are now on the table as the only viable way forward.