When I saw the quarterly cash report only having $1.8M in the...

When I saw the quarterly cash report only having $1.8M in the bank I thought a capital raising would be on the cards.

I understand some see this as a negative however, there is no other way to fund it except with a lot of chook raffles.

The main thing I will be watching with this is how much interest they get and at what price they do the capital raising at. As the share price has been going lower I wouldn't be surprised if the funds are raised with free options with a low exercise price.

I'll be watching this one closely.