Scottm, - Yes, they needed to satisfy the QIC deal, but they...

Scottm,

- Yes, they needed to satisfy the QIC deal, but they didn’t need to dilute ordinary shareholders to do it. They could easily have just raised more money by offering the same deal to other shareholders as well. The directors are now waiting for shareholder approval for their share of the placement so they could also have easily sought shareholder approval to allow all shareholders to participate at the same meeting.

- You stated : “They did the deal with Oaktree as they thought they could make it work. Kevin said in the VSA interview that it had been tougher than expected”…
And now you have possibly given the answer to my second question, which is why they had to offer the recent placement at such a significant discount to the last placement price of 9 cents. So are you now admitting that there is a possibility that circumstances may have changed since the placement to Oaktree at 9 cents, that they now have to offer a lower price to entice investors to participate?

Not sure why you feel the need to personally keep defending the company. IMO, these are valid questions that only the company knows and there’s nothing wrong with asking these questions and discussing them on a “Discussion forum”.