Announcement today says it relates to the transaction of the purchase of the Curtin Uni share in Epat company by a third party , so it's just a timing on getting that closed out which is a separate thing to the capital raise ,but is all linked to conditions of the acquisition
My mail also is the capital raise of the plus $4m was reached over a week ago and continues to get over subscription offers from people wanting stock, looks like good demand for the on market as people miss out and want to own the stock,
It also from the material appears the capital raise is for a 2 year budget so unless they have some big ticket items alibg the way they haven't planned for now , there won't be a capital raise again for a while. That is the beauty of these tech applications is the low cost base of making them
MNQ Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held