Interesting to see that they stopped the raising at $1.2 million, after initially seeking $1.8 million.
I don't see anything wrong with this - it means we are less diluted than otherwise.
But RB was looking to go long in the second round, and no second round occurred! Syd may have wanted to go long too. So hopefully their unmet demand will support the share price over coming months.
Not looking forward to end of year results. Just hoping they get the funding deal away, that's the big news.
nusep raises $1.2m under spp, page-3
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