Ann: Universal Biosensors banks $25.2 million, page-5

if you take the cash away its about a 60 mil odd MC. They have the cash to execute now, so its game on.I've followed Viburnum & Jencay (although they partially sold down) into this because they are pretty smart operators. The price Viburnum payed for underwriting the raise, together with further purchases on market of around 550k at the end of May, gives me confidence they know more than I do about the opportunity set.Certainly not without risk. It's a bottom draw, fingers crossed/pull out in 5 years type of investment!