I wondered who was telling the truth - Snapsnavel or Electra Badass.
The following is from Recce's Appendix 4C
Since listing on ASX Recce has spent the following amounts each quarter on R&D:
- Mar 16 $163k
- Jun 16 $167k
- Sep 16 $408k
- Dec 16 $217k
- Mar 17 $248k
- Jun 17 $546k
This quarter (Sept 17) Recce is forecasting to spend $774k on R&D which is 50% greater than any other quarter.
Nothing about a tax R&D rebate is certain till the money hits the bank.
If Recce are going to spend $774k on R&D this quarter then a pre IND meeting will illuminate their real progress/preparation to an IND application.
Recce may be on track. We just don't know which one.
It would appear Electra Badass is indeed correct. SnapSnavel would do well to check facts and learn to read a 4C before launching on his rants.
RCE Price at posting:
17.5¢ Sentiment: Sell Disclosure: Held
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