I was wondering if perhaps your information is slightly out of date? The former CEO left some time ago, and the current board are on part time deals. Don't you think that the debate should move on as time passes, or do you want to stay forever on the same subject? Prudence dictates that finances are kept in a safe place until the revenue flow commences, undue stress could present a position of weakness that would benefit an aggressive suitor. Volumes are so small that, if this is what is happening -by no means certain- the amount raised would be modest. Executives of companies are paid, it really is that simple.
Alf I don't think they will spend extra on IP protection, in further territories, until a deal in those areas is done and dusted, contracts signed etc. so it is feasible that a few months later, further areas need that protection and further cash may be needed, but I don't think the PMES' are anything but coincidental as there are too many that don't lead to anything.
Gixer, lol, I shall rephrase, what is Alfistas supposition? If Its what I think it is there is no correlation, there have been plenty PME's over the years that's have not lead to anything. there was 2 in , Dec, Jan yet none in April. Sept last year there were some, after issue of equity.
Well as long as we all accept it is thinking out loud rather then any firm opinion. Something has been going on, based on the trades for the last couple of weeks. Was that the reason for the delay of the results, was it that this took longer than they thought? Is the double PME, typically used to tidy up after a hectic day -not in this case- or to determine a floor price, an indication that this period has closed. No way to tell, but if they saw themselves having to fund a big, exceptional meeting? I doubt that scenario, so your thoughts Gixer, that further legal spend is necessary to protect the IP globally, has some credibility but would seem odd so soon after the last spend. If you look at reserves in terms of months it probably doesn't look much to an accountant, prudence would dictate that the balance is topped up. Seems irrational given all the Fruitflow progress. No doubt the clouds will part sometime soon.
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