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On 24 February 2016, AquaBounty announced that it had agreed to a convertible debt facility of US$10.0 million with Intrexon to fund the next stage of development. This debt facility, together with the US$1.3 million of cash on hand at the start of 2016, will provide the Company with su cient funds to advance its plans. Subject to the progress of these plans, it is LIKELY A LARGER FUNDRAISING will follow before the end of 2016.
note no capital fundraising for the expansion..which differs to what was said in the feb rns.which greecy does not mention .funded using existing cash reserves
since the financing of $10million we have had canadian consent for the product and the latest news.intrexon are fully behind us as they are the major shareholder .note it was an un secured loan.Would expect a partner ship of some kind to finance ongoing needs ,despite greecy quoting news from feb 2016. Canadian approval makes the company now better positioned going forward.Greecy looking for a buy in price for sure.
May? So it's not a fact then? Pulled out of thin air like your £10 per share :) thought as much. From fully funded claims to now accepting a placing is needed. Thought you'd have researched that before advising others
Intrexon in effect own the company so a placing may happen at a higher price than todays.expect a lot more news here
Lol.
Greecy you were spiked pal .Any placing will be a lot higher so get your facts right .by the end of 2016 will be producing. the product .never spiked here at all in fact buying more stock.
You mean the one I've been in from .18 and top sliced at .50 and now waiting for key results? Yup. LOL I know how to research my stocks matey, get in at the low and ride them. Not get caught on spikes and mislead others. Where's that £10 per share evidence you claim was being banded about? Facts? I've posted it from the RNS for you. It's in black and white. FUNDRAISING will happen.
Save your cash, look in after the substantial placing.
Couldn't get in today, I need to sign a US-stock tax form first, I'll be looking at this next week now. If I haven't missed the boat by then.
Typos
news filtering through now.would ecxpect a vedry strong afternoon and week ahead, as news is digested here and state side >canada
...
typo others.cannot buy on live quote no amount.
buy didnt hit at 35p although really should have.letssee the pothers hit
Late RNS from Friday! Time to buy before it motors!
note .existing resourcesi
8 July 2016 AquaBounty Technologies Inc. ("AquaBounty" or "the Company") AquaBounty Acquires Plant in Canada to Help Scale Production Capacity AquaBounty Technologies, Inc. (AIM: ABTU; OTC: AQBT), a biotechnology company focused on enhancing productivity in the aquaculture market and a majority-owned subsidiary of Intrexon Corporation (NYSE: XON), announces that it has purchased the former Atlantic Sea Smolt plant in Rollo Bay West on Prince Edward Island for a consideration of US$0.70 million paid in cash and funded from the Company's existing resources. The purchase of the property follows the approval by the Prince Edward Island Department of Environment of the Company's application to repurpose the site for brood stock expansion. The Company plans to use the new location to raise conventional Atlantic salmon to provide eggs that would be transferred to its plant in Bay Fortune. Ronald Stotish, Chief Executive Officer of AquaBounty, stated: "We are pleased to have received the relevant environmental and construction permits to renovate this site to grow our salmon. The purchase of this property is part of our strategic plan to scale up our production capacity to support the commercial rollout of AquAdvantage® Salmon." In November 2015 and May 2016 the U.S. Food and Drug Administration and Health Canada, respectively, approved the Company's AquAdvantage® Salmon for production, sale, and consumption.
LOL this guy pumped it last year with the same crap. £10 a share ahahaha. Please. Even the current £55m MCAP isn't justified at this stage. On 24 February 2016, AquaBounty announced that it has agreed to a debt facility of US$10.0 million with Intrexon to fund the next stage of development. This debt facility, together with the US$1.3 million of cash on hand at the start of 2016, will provide the Company with sufficient funds to advance its plans. Subject to the progress of these plans, it is likely a larger fundraising will follow before the end of 2016. <<<< LARGER FUNDRAISING WILL FOLLOW BEFORE YEAR END 2016. £55m MCAP for what? Doesn't matter who the largest shareholder is. It's not an unlimited funding. They will burn through cash far greater than hinkais runs out of stock into the pump. Avoid or you'll be left holding the baby. It may spike due to small free float but unless you're quick enough you'll be left and the board will be dead once again.
abtu fully funded by the tune of $10.000000 .speaks for itself .lifespan of the up graded site at leasr 20 years.,55 tanks altogether to start the process.20 years of work to get to this point .
Read the ron stosh interview ,potential customers are asking since the approvals ,how much can we get of the product and how quickly.hence the buying of. the smolt facility.
Got 5 buy orders in now at varied amounts and prices ,hope some get hit at some point next week.
we have had one rns late on friday and expect more to come over the next few weeks/months.
Believe they would have a full order book.Read the interview with the ceo ,they now have people approaching them for the product,all systems go and gonna be fast tracked.
Not sure Veldt. Can you advise what RNS you are hoping for.