This is positive news - Lets hope its not Squandered!
Raising money in the current context of Australia's structual changes (away from Miningboom towards an 'Ideas boom') is difficult for any entity, let alone a 'long-in-tooth' emerging technology company.
All we can hope for is that management deploy the funds in a manner which strikes a balence between:
Short Term -Market Awareness /Investor Confidence.
Medium Term - Further Non Dilutive Capital
Long Term - Realising Vision of Company.
i.e. Imagine if plans were announced that they contracted research (short term) with the goal of gaining a non-dilutive government grant (med-turn) to produce their OWN POC DEVICE! Rather than relying on the whims of overseas multi-nationals!
Ann: Anteo secures Investment Agreement with US based Bergen, page-97
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