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Ann: Agreement Signed for Sale of Lyramid Limited, page-12

  1. Dentie
    3,337 Posts.
    lightbulb Created with Sketch. 970
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    29/04/21
    12:55
    Post #: 52811497
    These figures from the 2020 report...

    16.INTANGIBLES
    Patents and trademarks
    At cost     2,683,554
    Accumulated amortisation    (926,552)
    Balance of value 1,757,002

    Upfront payment to CDY = $500,000     (AUD or USD??)

    Discount to Provelmare = ~72% !!

    As for the 4% royalty...how much, over how many years, has CDY netted from the operations of PEB??

    See how "Mr Market" assesses "IMMEDIATE VALUE"!!!!

    And here is another admission of ??? from the Board in today's announcement ... “We are delighted to hand over this exciting drug development program to its new owner, Provelmare Holdings..."

    To reiterate Bottsy's remark yesterday..."I'm also speechless".
    Last edited by Dentie: 29/04/21
    CDY Price at posting: 6.8¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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