Pretty sure the last raise was $10mio which was made up of $5mio...

Pretty sure the last raise was $10mio which was made up of $5mio from FS and $5mio from a bunch of others.

This was FS second lot of $5mio

You are half right in that a good chunk of FS first $5mio lot is gone - last I saw - pre raise was a bank balance of $2.5mio I think.

I think the poster saying ~$12mio in the bank after raise will be very close right now (unless they have spent something on phase 3 or have had significant receipts in the door).

You can’t rule out either of these as NSL seem to be keeping plenty close to their chest...

Pretty sure they are at or around 16% of total equity.. sorry on phone can’t check exact dets

Glta