Haha I'm not trying to be. I waited for a while after that last...

Haha I'm not trying to be.

I waited for a while after that last quarterly report to buy in thinking they might need to raise given the need for working capital etc. I thought well if they are going to raise they will surely do it sooner rather then later. I still wasn't sure so I rang the company and got clarification and was happy with that.

They have the $1m draw down facility through Regency and obviously the receipts are coming in and adding to the $2.5m bank balance and providing enough working capital.

As I said another quarter with $1.5m say in CFP funds will see a bank balance of $4m and an even better position.

They also must think they are in a strong position to win a lot more contracts as well leading to a higher share price. I like the fact they haven't just handed out the normal mates placement at 2c like every other coy would have done. They seem to want to build a real company here. Good on them.