I think the frustration is that Unith hasn't come up with a commercial deal in all this time and this has resulted in not getting the 3c options exercised.
Having 1.1 mil from the options would have bought us more time, time to realise hopefully some good gains in subscription revenue, time to maybe see some deals signed then any future capital raise would have been executed at a far higher share price, less dilution.
Its disappointing that we couldn't take advantage of that opportunity. I think Its one of the markets main concerns and why we are seeing a depressed share price.
UNITH & CONVERSATIONAL COMMERCE RIGHT TIME RIGHT PLACE, page-42
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