They would be reluctant to dilute their holdings too much by...

They would be reluctant to dilute their holdings too much by raising at 8-9c. Secondly they would need an EGM to get more capital raising thru as they have probably reached their 15% quota. Thirdly, they have around $1mill in notes available to them. Fourthly, they will raise further funds via a loan agreement I would expect, to be able to afford to manufacture more toys for later in the year (I have suggested this in a previous ann.)