No one's forcing you to buy at 35c or 30c. :) The pricing is...

No one's forcing you to buy at 35c or 30c.

The pricing is interesting to watch as the company is still a fair way from profitability. Which is to say that it's a reasonable possibility that another capital raising may be necessary in future. Not saying it's definitely going to happen, and not to discount the hard work that Redflow has put in over the last 12 months since the previous raising -- they've obviously done a lot of work on residential and the BMS, and their technology continues to improve.

But to specifically address the 23c question - if there is the need to do another raising within the next 12-18 months, it will be because the company hasn't reached cashflow positive, and investors may begin to question how long exactly will it take.

Given that this CR was done within 12 months of the previous round it makes sense to give a small upside (23c vs 20c), yet keep the price low enough that if a future CR is required, you don't run the risk of doing a down round.

Ideally you want long term holders to support the company, not folks to flip because of a quick profit which will smash the share price, making it harder to raise future capital.

I continue to watch Redflow from the sidelines as the technology is awesome and whilst Hackett has a deserved reputation, commercialisation is never easy. It's all risk reward though. Redflow may make massive sales following their March release and you guys will be laughing at me for missing the boat.