this is an important point that has been raised here....
the success of RAP to A) raise their initial $3M (or whatever it was) on the initial float (reverse take over) they did late last year and then B) the $12M they have recently done to instos demonstrates the appetite and ease to raise funds in this sector.
Add to that the backing of the CSIRO program and the float only looking for circa $3M, its also my opinion that MNQ will have little trouble raising the money for the float and can easily be done by instos and only require a handful of parties who will be very willing to invest in this technology. It will go into cornerstone investors aiming to see this go commercial. Would not be too surprised if early discussions are happening with instos who have approached the company looking to get in first..
and like RAP its share performance from before the float to after and to current price levels, the lowest point of entry is liken to where MNQ is now......
MNQ Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held