I'm sorry you feel offended by my post. I see that you have vested interest in the company and seem more informed than I am. The figures were obtained from the last Financial Statement and Quarterly Reports. If I understand correctly, the share purchase plan was after the Half Yearly Accounts? Since then they raised 500k? Have I missed anything else? Is the underwriting been completed yet, and is that separate from SPP? There's a timetable (8 Sept that's due for it to be done), but I can't find the announcement regarding this.
Their total expenses were 2.4M as according to the last Cash Flow Report. How is 500k going to make a dent in that? Even with the 1.48M added to their assets, all it is at the moment is that it's a shell that will need to get another 400k if net expenses stay the same.
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Short Term Trading Weekend Lounge 25-27th Sept, page-109
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