I am a little bit surprised by this pending capital...

I am a little bit surprised by this pending capital raise.

Recently and to much fanfare a convertible notes finance package was approved, which appeared to cover the company for it funding requirements for some time in the future.

Instead we now see convertible note being paid out and redeemed and a new capital raise proposed.

It seems the use of convertible notes for future funding requirements will only be used in exceptional circumstance and we will go back to the old capital raise.

There appears to be a change of heart here and I am not sure why, but cost probably has got something to do with it.

If any one else has a little insight or understanding of what is going on here it would be appreciated.