Maths is 2m plus 3m = 5m. Not 7m
Anyway... anyone who didn't catch the webinar from last week i suggest you watch the recording. The news flow to come from the large pipeline is expected over the next 4-6 weeks. The timeline with this raise is obviously around news flow. I think it was necessary to announce capital management plan to ease funding concerns (its fully underwritten), but the company is not tied to the current share price. This could work very well for existing holders if the news flow lands as I expect.
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Ann: Underwritten Share Purchase Plan and Top-Up Placement, page-50
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