I have read the entitlement offer that was at 2.5c. It stated...

I have read the entitlement offer that was at 2.5c.

It stated that funds could only be raised if the shortfall was less than 20m.

It was actually 28m.

I cant find anywhere that the shortfall was in fact taken up.

As per last Q, MRF had 300k left, with costs for next Q (now this Q) at circa $600k.

Assuming full entitlements were taken up, then MRF have $1.4m less $600k plus $300k =

Say $1.1m in cash left at end of June Q.

Assuming costs stay around that $5-600k per Q mark, MRF should have another 6 months worth of cash in hand.

Also read that a further $500k could be raised, but unsure if this happened or not?