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29/10/14
12:48
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From the Preliminary Final Report (29/08/14):
After a sharp downturn in royalties due to the supply of the tags to the Taiwan Tolling Project having been completed, there has been in the most recent quarter, from both Star RFID and 3M, an increase in the volume of sale of our break on removal tags and therefore an increase in the value of the royalties received.
It has proven very difficult for Management to advance any of the projects that were currently in the pipeline due to the restricted level of funds available to the company. All the funds received have been absorbed in continued trading of the company. The company does
not have any excess funds to apply to any opportunities outside of Thailand and until this situation changes the company will continue to rely on royalty payments for its operation.
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A CR may help, if they have real opportunities not just potential opportunities.