Ann: Trading Halt, page-35

I agree with you ghoststock"Perhaps the CR is so PSY can go it alone without the need for a JV"Terry Walsh said only a few months ago that they had sufficient cash to last the next 12 months.Obviously the whole situation has now changed.I would suggest that instead of just working on 1 or 2 prototypes which is what they said they were doing,they now plan to put maximum effort into a much larger volume of applications,and there are thousands
A JV is unlikely unless it was on very favourable terms as psy would lose a large % of the profit.University of Western Australia would not...

Expect the unexpected with psy.