If they are funding this $2.5Mill + working capital via...

If they are funding this $2.5Mill + working capital via placement to SI's and the SI's already have millions of shares, its an easy earn for them to sell all they have at 0.6c knowing they are going to get them back at 0.4c (assuming this is the placement price)

Retail holders will then have to patiently wait for those newly issued shares to wash through. This is the problem with raising at all time lows, especially when there are already 1.65 billion shares on issue and 430 million options.

Whenever retailers like us are buying and brokers are selling, regardless of the FA, the share price will be suppressed