If you say the $6M Cap raising is not REAL, then let's agree that 25% of it is real.. ie: $500K +$1M is real? and the rest.. ok its not real.. YET!
Frankly, at this stage whether it's Monash, IMFAMA or whoever, I don't care.. but what is of concern is the lack of TIMELY updates on the matter of funding!
It is good to know that they have some funding that keeps the DFT going.. Not sure how much the DFT costs... I doubt it costs $6M.. as ECT always said they wanted the funding for DFT, Matmor Pilot and basically staying a float.
Actually the Doom and Gloom, Boom and Bust news doing the rounds at the moment, probably doesn't really help the cause for raising funds!
Anyhow, not much we can do except bitch and moan on forums, to pass the time..
Cheers
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