If that's the case & they manage to raise $12m, despite the dilution at 1.5c, then share price could open around 2c-2.5c You would have to take raising $12m as being very positive when it could have easily been lights out!
Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive
The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint