Ann: Sensera completes A$2.5m private placement, page-19

My gut feel is that the company is improving its balance sheet prior to entering into a strategic partnership.

From today's announcement:



Definition of business development:





And from what Ralph said at the December 2020 AGM:
https://webcast.boardroom.media/player/sensera-limited/20201208/NaN5fc97bb0c5a767001b478704
(23min mark)

"We need to increase the scale as quick as we can. We are looking at some strategic partnerships at ways to do that. We are hoping to announce something over the next 6 months or so. We are looking at other ways to bring products to market and leverage off of scale."

Cheers