Yes this is likely on the cards at some stage. Wheather it will be required for the stage 1 phase deposit Banking application will depend on how quickly they can turn a profit and how quickly the application process and approval is granted. In the end to take advantage of opportunities and continue growth they may conduct additional capital raisings to ensure they lay the foundations and scale up quickly for exponential revenue growth in the future. Considering the relative small shares already on offer (approx 160m) and an even smaller actual trading amount combined with the explosive growth NOV is generating it seems any capital raising will make the share even more appealing based on the decisions management have made to this point. I am waiting to see the next quarterly. If the revenue growth continues to grow as it has then we are all holding onto something potentially very exciting. At that point I may consider adding to my holdings. Consider how many other micro caps are generating revenue at these growth levels and looking to turn a profit soon at these MC levels? At the moment is seems to me the ASX is full of a large number of micro, small or mid caps on extremely large MC with no likelihood of generating profits in the near term to justify their MC.
