Broker data, page-29

The $50m placement was used to,
- Investment for Growth
- Potential strategic acquisition

Why you became so "surprising" to Accelerated spending on promoting and developing???
It was just according to the plan.

I thought the strategic acquisition could use majority of raised cash, but luckily, they Only spent $2.5m (US$1.6m + performance rights & options) on Mariana's Lab, per last quarterly report.

The management team are managing cash flow wisely, probably they knew that from LinkedIn.
If you don't have enough cash to spend, there is no chance to succeed, imo.