Ann: Half Yearly Report and Accounts, page-10

Most companies raise every 6 months to top up their coffers and to survive quarter by quarter. $6.8m in the bank will last BDA a long time if their revenue increases per quarter without the need for a future raising. 3 years is a very long time

Yearly loss of ~$1.3m is very low compared to nearly all micro caps listed on the ASX

Tribecca, SG Hiscock, IFM, Australian Super all major holders so this should indicate their fundamental research to back BDAs management long term.