Ann: Capital Raising, page-11

A raise of 6 Million when we have 1.8 in the bank suggests that we probably aren't looking at securing a deal in the near term. The real impetus for this stock to move is the fact we will get funding so if you are a short term holder then too bad. For the rest, not a massive problem if the share price drops a bit due to this in the short term. The main game is still to come and the ease with which they raised 6 Million (admittedly at a steep discount) shows there is some faith around. Pity they didn't offer any to their current shareholders.