Ann: Withdrawal of resolution 4 from 2018 Annual General Meeting, page-4

Correct major shareholders want to see them deliver profitability and not be diluted into oblivion in getting there. 

They want to see revenue growth but equally they want to see the cost base trimmed a tad because at the operating cash flow level not much headway has been made even with the increased revenue. 

Without the 7.1A capacity being approved they've got 15% placement capacity which is about $7.8M more cash assuming a 51c issue price which is the price that was being sounded out to various instos a few months back to support a raising.  I doubt in the current very fickle market environment they will get it away even at 51c - lets wait and see what the new year brings IMO they will need another dip at the well before this time next year, unless they knock it out of the park regarding organic sales growth