Poor timing but isn't the real issue whether the company shouldom grant options and if so, on what terms? But once they are granted the exercise of options is just ordinary dealing and so why is anyone suprised? The amount is all small beer.
But it is definitely Oman, isn't it? Thanks to some crooks at Beaufort I have now lost half my investment. Why did PWC have to freeze all the assets anyway. Ridiculous
Exactly right on milestone payments. It is a commercial deal that benefits both parties. Why would the company sign a deal that placed it under crippling financial obligations without periodic rewards? The whole deal is self evidently designed to avoid that scenario
Ha ha. #Me too! The other sure thing is that the average cycle of investor impatience / euphoria rums much quicker than the practical reality of doing business, which is always much slower than people expect. So there we have it, 18p is the steal of the century.
The one thing we did learn, I thought, is that when news has previoualy arrived here it did so almost totally unexpectedly. So it will have to be the same thing yet again, if it happens
RE: Expansion of Material Development23 Apr 2018 23:31
A funding development agreement is unlikely to mean the other party making payments for materials supplied or else it would inevitably have said so. That's the way the industry works, to my knowledge. Milestone payments are therefore likely to be made on achieving development targets but not just for supplying volumes. IMO
RE: Expansion of Material Development23 Apr 2018 09:05
Hi Nigwit I don't there will be any immediate cash flow from R&D material sales. The money is for development funding to cover costs presumably, and milestone payments based on whatever triggers have been agreed --- The terms of the new agreement include additional success based milestone payments and development-based funding