thoughts on the 11th june, page-4

sp travelling sideways past couple of weeks as expected

Tuesday should see approval of up to 40m additional placement capacity based on average closing price for 5 days before conversion at no less than 80% of average

sp has closed at low of 2.4c past couple of sessions - maybe today/Tuesday/Wednesday for balance of calculation

1.9c/2c issue price if sp holds here until mid next week, up to $800k funding depending on whether issues are staggered or not

better for holders if they're issued in one hit so there's no incentive to push sp lower for next round

announcement second half of next week?