That is what is odd and against all known factsThe 4c cannot...

That is what is odd and against all known facts

The 4c cannot have an upside given the information that was presented at the investor update.
There are no funds for the Lub knee Launch so the same path of as previous will be used pointing to a slow and steady sales growth. No big bang, more like a give away to drag in interest.

The 4C will require them to answer where the cash will come from next given they will not be able to cover 2 qtrs.
And like last time a CR will follow in a hurry.

They need another 3-4 million short term which should see them out until cashflow positive.
Given the price rise it will not be a share grab from management as they are set. Otherwise they would have let it slide.
This time it is either a placement that needs to be as close to 7c as other holders or as I suspect a rights issue to existing holders at about 5c therefore 60-80 M shares