There are a reasonable quantity of co's listed on the asx that rely on govt grants and shareholder capital raisings to stay in business.
These co's the management deserve no credit,they live of the govt grants and shareholders and in some cases understand the situation but continue business as usual for as long as possible for obvious reasons.
I could name one co that lives off govt grants and has done for many many years because its a great bs tech story,i could name another co that lived off shareholders.
Sometimes the idea sounds good but is simply not practical.
Just my opinion,and absolutely not referring to fbr as practicality is still a question.
