They must be going to try to raise a lot, hence the use of...

They must be going to try to raise a lot, hence the use of 'material' - which means we get slammed. They just released a new product (with a grand total of one being sold upon launch... great stuff MX1) and they kept harping on about how the other two projects are fully funded. They also stated in a previous meeting that the current facility in Tonsley was more than capable of meeting the estimated demand for Argus, so it can't be for that.

The only other project requiring a huge injection of cash would be clinical trials for the CT scanner.