I guess we all thought Isity had an income stream and big contracts imminent but that is obviously not the case. It looks like Isity is in the same position as KKL. What I will say is that the $500k is probably been raised from Chinese companies that will have a direct interest in the success of KKL maybe even associated with decision makers of future Isity contracts. I flagged this before in a previous post. Strategic placements with indirect or direct benefits. I don't think we should be too concerned about the Isity contribution as I am sure the Chinese have been brought in based on Isity and not RFID or CertainID. Chinese deals will probably be happily done now or roadblocks removed. It is my understanding that this is how business is often done in China.
Anyway food for thought.
KKL Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
