Now this is just theory so take it which way you like. This may...

Now this is just theory so take it which way you like. This may have been the company's game plan

1. Get CE approval as at that time our runway of money was not great and CE easier to get
2. Use the CE approval to boost the kitty And that worked very well.
3. Having been so successful in the money raising, modify the plan and start European production (Could not have done that without the money)
4. get distributor agreements (Also the result of having the money)
5. finish ISO and audit (Time consuming)
6. apply for TGA approval and we now know how long that takes. I would expect someone in senior management was told of the expected time frame and it would not have been easy to sell.
7. Approval and hopefully confirmation of the standard of the test by our peers <-- We are here.

How far would they have gotten without the funds?
How much would we have put in without the CE approval line? Especially if we knew how long the application was going to take. At this stage the sales in Europe are still a myth, until proven otherwise. A myth that got the runway in place to approval.
I for one will be very disgusted if they do not walk the talk after approval.