Ann: MOD Raises $18 Million to Turbo Charge Growth, page-16

Red flag for me when they start the spinning.... “Turbo charged for Growth”. You’ll now need to have immediate short term success just to stand still with the extraordinary number of shares on issue.

If existing supporters and instos are so confident why not undertake a more modest raising now to those willing to play a slight premium? Drill your best targets then rattle the tin again at higher prices. Never liked a board that thinks it’s okay to breach billion shares on issue as I’ve never made money myself!!!