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Cheers E, interesting times ahead.

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zmans

10,332 Posts.

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30/04/16

12:09

Post #: 17640997
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Originally posted by ehealth ↑

Hi zmans.

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.

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Cheers E, interesting times ahead.

MNQ Price at posting: 1.8¢ Sentiment: None Disclosure: Held
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