Not sure on views on the Share Purchase Plan - I am considering participating, given what I think is still a great business.

Timely call @Strawman . I have been going over the announcements in the last couple of days and did speak briefly to the CEO. Raise is $1.5m to insto's at current market price (11c). Also $500k to small investors (lower of 11c or VWAP in early November). Further $4.5m raised as debt, with an attaching warrants. This essentially means if the share price hits the warrant exercise price the debt will be converted to equity. 9.5m warrants at 17.5c and 9.5m warrants at 28c - to be exercised in next 4 years (I think a good deal for Pure, but they are also lending to a company that currently doesn't make positive cash flow). Capital markets aren't what they were and you have to take what you can get atm. This is dilutive, but not the worst I've seen. The acquisition makes logical sense and extends both their development capability and will provide an extension to the Locate2U product which hopefully will be where the action is in the next few years. Gives them a good runway to get to positive cash flow. I don't love the raise, but it was somewhat foreseeable and I still think the business is still great despite the expanded capital base.

Holding both IRL and SM and sticking with it.

Thanks @Strawman ,

That was a good interview - sorry I missed it live #daylightsavingsfail. But I did watch it after.

I think it's a great little business, with lots of potential. Only a microcap, but growing quickly and as some really good thinking about how to run the business for shareholders. I agree, that the cash burn is a question, although they do have resources to draw from and may not need another cap raise, depending on how much investment they make in sales and marketing (and R&D), and the uptake speed on Locate2U.

Thanks again for doing this - appreciate it,

Richard

PS - own Z2U IRL and on SM.