MEM Discussion, page-183

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    I is great that MEM have already recently secured $1.275 million in funding to provide the capital needed to progress commercialisation and discussions with strategic partners going forward.

    I think it's notable that they ONLY raised $1.2 million when they could have had the opportunity to raise more.

    IMO, the reason for raising the bare minimum could be that MEM know they have a non-dilutive funding deal coming together...or that MEM know that they have some other sort of strategic deal on the horizon which would prevent them from raising too much via a capital raise (meaning that MEM only raised the bare minimum to get them to the strategic deal on the horizon).

    This is s direct quote from the Q: "CEO Dr. David Ali emphasised the importance of maintaining funding flexibility, stating the Company would
    continue to explore non-dilutive funding options to accelerate product rollout
    ."



    https://hotcopper.com.au/data/attachments/6972/6972967-9e06db3f1e0587b08d96318d3415d5db.jpg


 
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