Frank123 "As for CR's well they are par for the course, however...

Frank123

"As for CR's well they are par for the course, however with the current turnaround in cash flow and the possibility of alternate finance arrangements they may not be required at this stage."

Who knows the answer to that but the company has 25% capacity to issue new stock each year before they refresh at their AGM. If you subtract the 15m shares they gave Iluma Lite (on top of the cash) I estimate that they have roughly 45m to 50m shares they can issue if a CR was to happen. 50m X 7c is $3.5m dollars. I am sure the institutional eyes on the last 4c can absorb that in a heartbeat. If that was to happen, the register would look very tight. That of course does not include any "strategic" investment on top of capacity which must be subject to shareholder approval.