Hi Derham, i'm impatient too, but not yet downhearted.
"The agreement further provides that if Regience proceeds it must invest an additional AUD$2,250,000 in new ordinary shares issued by Cynata, based on the same pricing structure and escrow as the initial investment. This additional investment will provide Regience with an exclusive 2-year option to Cynata’s Cymerus technology for Japan and certain other Asian countries"
I expect when they push the button they'll write us a cheque for $2.65million. Stands to reason if they proceed they raise it all at once and at the lower price. They'll pay .40 average i reckon.
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5 | 20913 | 0.180 |
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