UP In Arms, page-48

Investor presentation has a page outlining the intended use of the funds.

Revenue from customers up. Good.
Lots of ticks on "Strategic plan and progress". Good.
Sensible looking high-level fund allocation. Good.

@SimonHackett , presumably the dark ticks on the sales pipeline (page 12) represent completed or established activities?

I see it as a very strong sign that the share price is holding at 5c. Often with rights issues the share price goes straight to the issue price.

Perhaps it's because there's no underwriter keen to slurp up surplus rights to sell at a premium soon after the offer is finalised.