Re -new Highs5 Mar 2018 11:40
JRjnr - just to remind investors where the real value is, below is a statement from previous RNS. Watch this SP shoot up after CEDEX launch.... Read this below and once people really understand the true value TECH's worth �1 plus min........$40K for 87% of the company stake ..WOW !!!
"Under the Heads of Terms, TechFinancials will make unsecured loan funding of US$400,000 available to the CEDEX group to develop its technology. The loan bears no interest. TechFinancials can seek repayment of the loan once CEDEX has sufficient funds and the loan therefore has no set maturity date.
In consideration for providing this initial funding, upon incorporation of the CEDEX holding company ("CEDEX HoldCo"), CEDEX HoldCo will grant the Company an option to acquire 90 per cent of CEDEX HoldCo at an exercise price of US$40,000, which may be offset against any amount outstanding under the loan. Exercise of the option is at the sole discretion of TechFinancials and the option can be transferred, sold or disposed of as TechFinancials sees fit. The option period is for three years from the date of grant.