Ann: Presentation, page-19

To be completely honest (I have no proof) and this is just my theory but I think the CR was purposely held off until a lower share price so certain 'special' people could get in at a lower level, there is no real need for them to raise money as they have money in the bank, very little cash burn and are generating a small revenue from Akela already. I would love to see who the shares were allocated to so I could back this theory.

Anyway, the company has held the share float constant for years now and it makes sense that they want as little dilution as possible (hence the small raise) because the co. own so much already. It was stupidly overpriced above 10c a few months ago just based on the whisper of blockchain and crypto. I think this is a very long term play and the market or more likely 'day traders' have got the shits and moved on which is responsible for the recent SP move back to where we are now. It would be good to know how much a company like on-market bookbuilds is making currently because if this thing works we will dwarf them for active investors in my opinion.