I agree that they will seek to raise capital soon - probably...

I agree that they will seek to raise capital soon - probably before the dramas of the US elections distract markets and investors for 6 months. At 30 June they reported $6.1 mil cash, which will have depleted by 2 months now - possibl at 600k pm, but just as possibly, faster as the new staff in the US require resources and have yet to hit their stride.

The second division - 2RT - has a patent and a burning desire to get running, but no capital to do it. While they are seeking a partner, they don't wish to burn their equity be giving it away, but appear to be wanting to get the iTrack division going full tilt, then they will seek capital for the 2RT division on the premise that it will be funded by earnings from sales of iTrack.

IMO they will be raising capital regularly. The company reports sales in the intervening period between half yearly reporting, but they have no correlation to the underlying capital base or profitability. IMO this company would be much better served reporting to its shareholders more regularly, without trying to bluff its way through with sales reports. If it did that it would be taken more seriously and may get some better quality investor attention.