My dot point commentary would be:
- The Top 3 holders would need to support any raise;
- We know they have significant MNDAs in place. If the Top 3 support, then it would give great confidence;
- Strategic placement would be much more preferred imo (e.g. $3DP);
- Unlike most microcaps they have a large revenue stream and multiple new ones.
When I last spoke to management, they seemed bemused at the SP.
