Yep fair points, but you've got to wonder why tentatively...

Yep fair points, but you've got to wonder why tentatively advising the market of an impending $2m cap raising, with no other details at all, is beneficial to the current share price.

It creates uncertainty. Here we are speculating premium/discount, raising price, soph investor involvement. This is not beneficial. Announce it when you have your ducks in a row. Don't make S/H's sweat on it for the time being.

Maybe I'm the odd one out. Maybe there's a requirement for MEM to disclose it. But I can't quite wrap my head around it, SB.