I actually don’t think they need to raise, and they have never...

I actually don’t think they need to raise, and they have never gone to the market to dilute with a capital raising. Their cash burn is around 165k last time I checked, and they have undrawn credit facilities available.

As you point out, they made 30m AUD revenue from the core business - which is actually profitable. Those profits have been reinvested back into the retail innovation division, who are working on technology in collaboration with partners like Intel and Hitachi.

I’m not sure what you mean by Israelis and red flag, but I will point out that management own 62% of the company, and the Top 20 hold 90% together. They have plenty of motivation to see the business succeed.

The pandemic has changed everything, and this is the kind of spec stock that will outperform in this environment.

Just my opinion.