If you read the 14th April announcement part of the conditions of the acquisition is the market sale of Curtin Uni shares in epat.
The sale by A Uni in a r&d type company is normal, they are not a commercial organisation looking to take stakes in public companies. It could be a con note is for the amount to buy out Curtin Uni.
My mail is good luck to Joe public trying to get stock on the cap raise, it is only $3m they need so that will go to soph investors and or fund.
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