WC - it's only good news if the new equity investors (i.e competitors) take some shares off one of the large founding investors who's shares came out of escrow recently and/or has been selling. Any further injection of capital only equals dilution and is not positive news as the business should be starting to become self sufficient by now based on my expectations. I suspect it's the good news based on the insider trading we're seeing over last two days, embarrassing that this is acceptable asx and asic.
E88 Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held