I have been in touch with management regarding the option for funding to cover the $3M capital raising being offered ONLY to institutional investors from CSIRO now they are part of the ON accelerator program and had $200m of funding to support ventures such as this provided to them by the Government.
The response I received from MNQ (not the ePAT team) was:
"I am not sure the level of funding CSIRO put into such ventures."
Obviously, if they were being funded that's something that cannot be discussed. So I guess we can make of that what we will. Personally, I think a lot more will come to light once we re-list.
But as per one of my earlier posts, it appears the Government does provide the funding to support such ventures. So, we'll just have to wait and see what happens.
MNQ Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
