Totally agree.  This is much better than 2016.  

Whilst I said they are in need of a cash injection, this offering certainly doesn't strike me as a company that's backed into a corner.  It's almost as if they could take it or leave it.  Which surely can't be the case.  Do they have some agreement with Cormack etc that they'll fill it when revenue announcements start or certain milestones are met?

There appears to be an air of confidence in this kind of setup.  Maybe just me though.