I suspect the following might be the reason. Anteo have to spend the money before it's reimbursed and we've seen no plan for that as yet.
"During the Project, AnteoTech will be reimbursed up to $1.39million by the grant, subject to meeting agreed reimbursement milestones covering the delivery of facilities, equipment, and operational targets. "
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- Ann: AnteoTech secures $1.4m Qld Grant Funding
Ann: AnteoTech secures $1.4m Qld Grant Funding, page-39
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