upcoming quarterly, page-4

Dmasonic
while the annual report identifies that the aim is 5M before end of April the loan repayments have a note that indicates that it is not mandatory before end of April.

The loan repayments schedule says first repayment of 1.5M for April is subject to equity raising but if the raising is not completed by April then repayment is 3.5M in June.

If raising is complete by april then repayments are 1.5M in April and 2.0M in June.

I expect that the April raising will be hopefully a strategic investor as best case or a sophisticates investor raising.

An entitlement issue to all shareholders in my opinion would be a disaster. If you look at recent entitlement issues all that happens is the price collapses straight to the entitlement price and worse still many shareholders dont take up the issue and the company does not raise the funds required. It is also much more expensive and time consuming.