There's nothing wrong with being a sceptic, so there could be...

There's nothing wrong with being a sceptic, so there could be some merit in that.

Keeping an open mind - why no announcement? It could be a number of reasons:

Sundowner's post touched on this the other day. They needed a Supply agreement with BTNX to ramp up production & raise via RI

Perhaps with SureScreen it was more about getting TGA approval first, then talk about a meaningful deal. *

Perhaps the amounts for SureScreen in Australia are immaterial compared with the BTNX supply deal

* In late January & February RNO copped a lot of flak because of the way the MOU with BTNX unfolded with the deals subject to regulatory approvals. So maybe RNO is taking a different approach this time around get the approvals first and then have more meaningful discussions about MOUs/LOI/Supply agreements.

Remember there was a massive backlog at the TGA after Xmas, as RATS for home use was only approved in November 2021. Then the country had the Omicron outbreak in January and RATS were in short supply. So maybe RNO & SureScreen worked on the approval process first, knowing they could work towards supply deals during/after the approval process?

The way I read the RI documents was that existing shareholders were allowed to apply for more (assuming they took up their existing entitlements) and that potentially Bell Potter/SIs could be considered for any shortfall.