"From the recent announcements it appears the only debt is one...

"From the recent announcements it appears the only debt is one convertible note which they plan to pay off from cash flows. I would have thought that they would be able to get a bank facility shortly if the 5M is insufficient for their growth prospects. Surely that would be preferred to another raising under 3c."

It was stated at egm that the note would be covered from cash flows and that they would be in a position to get commercial funding for working capital moving forward.
Sublect to correction from Uncle_Elma.

"That said I'm not sure how happy a bank would be looking at INT's recent results."

From a financing point the note would be a little like a first mortgage but now they have a cash reserve to cover it that would change how they looked at it.

"I think that they can get money if they need it, but where do they get the people to do the work ?? How do you go from 4M turnover to 12M (likely) with less staff ??"

- Possibly from outsourcing as most are doing now.