Afternoon trading November 25, page-50

RAD. Had a bit of a look. I think the main problem here is that it is so complicated that the average punter would not have a clue about what he was investing in or the risks they were taking.

All the tech is potential and speculative regardless of how much vetting you can give the coy.

The IPO raise of $50M is not underwritten.

There is $20M seed capital. I could not work out the at what price.

I can't find Regal in there. I assume they are the convertible note?

The schedule of royalty payments to licensors for milestone achievements is mind boggling.

An average investor would just be taking the whole thing on trust.

Might be amazing but hard to understand the science and the financials. Does appear there won't be any profits for some time.

It worries me a bit that the presentation is so unclear. imo

That's 15 mins worth of research. lol