My mail is circa $4.5M as outlined in presentation is the money they settled on and without knowing the exact amount It was told to me that they had a lot of interest above this figure
I think the market will also realise two points
The funding of this placement is budgeted for the next 2 years so no other access to getting stock in the foreseeable future other than buying it on market
The other point is the milestones mapped out for the company put a commercialised product ahead or in the same vicinity as RAP so in terms of business life cycle valuations Epat could catch RAP market cap in a short period of time or at least be half of it
MNQ Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held