seems like ken missed out on grant, page-2

It appears so - I am honestly surprised, since some of those companies (will not name them) have not done anywhere the amount of science and the proof of concept that KUTh had. In particular one of the Victorian projects (but not surprising, when one thinks about the political dimensions, as to the future trouble Victoria is going to be in pretty soon when their coal stations get run into the ground due to Federal greenhouse politics).

It is quite shocking actually. Simply quite shocking. I know some of those projects, and one or two of them are average to say the least.

The grants must have been given for political ends only - as per typical of the Labor Party. There seems to be very little justice in that decision process. Incredible. The company must have known (or heard about it) several weeks ago (not surprising given some the history of the personnel working there) – and hence the recent capital raise. I feel sorry for management (and, incidentally, for my investment)