Bittersweet about capital raise but overall I'm loving the "material commercial arrangement.". I'm guessing it's with a large hospital in the USA with whom we have an existing arrangement - Providence comes to mind - or with another Australian imaging network.
AF wasn't exaggerating when he said there were positive news to come in the weeks and months ahead - as he knew about all the commercial discussions that hadn't come to fruition.
Hopefully they raise only just enough capital to keep them going to reduce dilution! Say $30m to $40m? This should propel the company forward to new heights in the medium term.
It is also okay since us long term shareholders can pick up more at a good price - especially if the market sees the commercial arrangement as yet more validation and seeing as it is "material," I'm guessing the dollar amounts involved are more than the Uni of Miami contract.
Ann: Trading Halt, page-12
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