This is positive news - Lets hope its not Squandered! Raising...

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!