The R&D tax offset of $1.3 million was paid in November 2012. Assuming we are paid roughly the same amount this year (which is coincidentally a bit more than what we still owe ARUP), wouldn't we be better off borrowing the money from a bank (to pay out ARUP) and then paying the bank back the R&D offset to cover the loan, including interest? Hopefully by then Monash (or someone else) will be on board to provide working capital.
OR
Seek approximately $1.2 million via 708 investors in exchange for options exercisable at say 4c, expiring in 2016...
OR
Pay management via options instead of cash exercisable at say 4c, expiring in 2016...if they are so confident of the success of Coldry...this frees up their salary to be used to pay ARUP...
Hey, just a few crazy thoughts outside the square from a crazy SOB to avoid this rubbish we are seeing now...
d day, page-48
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