Normally an issue of shares is seen as a negative but look what we're getting for them. I was wondering where SLT would find the money for this payment( as far as I can remember the $1million was mentioned in the prospectus as a payment down the track). For the Institute to take it as shares rather than cash appears to back the company(IMO). I'm surprised it didn't move up a bit on that news. Only 70,000 of the SLTO went through but somebody can see value down the track(IMO).
SLT Price at posting:
0.0¢ Sentiment: None Disclosure: Held