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5.94%

53.5¢ recce pharmaceuticals ltd

Ann: April Funding Update, page-6

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Tiredandhungry

451 Posts.

105

23/04/18

11:29

Post #: 32624950
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Originally posted by Pussycat1975 ↑

Do the numbers in this announcement actually stack up?

Should the $853k be the total to be received for R&D for FY17 not an additional amount. I understand that a company can only claim up to 50% of its total R&D on O/S spend. Given that Recce have already received $427k for Australian spend then double that is $854k. This would mean 50% for Australian spend and 50% for O/S spend.

I rang Recce’s media advisor seeking clarification and he was not able to answer my question.

Does anyone else have any thoughts as the R&D space is not simple to understand?

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Newest ann answers your query.

RCE Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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Last 53.5¢		Change 0.030(5.94%)		Mkt cap ! $124.0M

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