STI stirling products limited

announcement funding cap rising, page-36

  1. 1,398 Posts.
    I doubt that Telemedcare is making any money...

    But we do know Halcion is so that may mean the terms for the Halcion deal may not be required if we have a cornerstone investor who will take a non-dilutive stake in that.

    As the plant will need full funding it will require substantial working capital so a cornerstone investor taking a non-dilutive position in that would be incredible.

    If the full funding of the HDA is taken up by a cornerstone investor maybe in a dilutionary way so as to take "royalties" from sales would be even more incredible.

    Leaving the working capital required only from resolution 4 the $2.1mil to Tick Tac Toe secured by the O'Connell St properties.

    These all change the working and funding resolutions and would require an amendment and TH.

    Just my 2cents worth.
 
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