Would be far easier for management as they would then require no involvement as all the work completed and funded by university and governments and the technology ancient anyway. The devices can be bought off the shelf by the 1000s out of China already. There a reason the technology was thrown in for free in the purchase of a lease as it had no monetary value. What I will be interested to see is if the mineral and exploration leases and permits are transferred to another of the ASX listed companies operating out of 38 Colin st west Perth. It’s an absolute goldmine for the directors who own the building and lease it to a myriad of ASX listed companies based out of that address. The best part is the rental income they charge the companies for the storage facility the directors own, when on the balance sheet they don’t claim to have any assets except the computer and desk in the office, which makes you wonder why the directors are charging shareholders $30000 a year for storage expenses ,in the storage facility the directors own,when they claim to not have any assets to store
MTM Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held
