AB1 abarta resources limited

Ann: Collaboration with MLB Champions developer Lucid Sight, page-9

  1. 3 Posts.
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    I don't believe that this announcement is the reason for today's voluntary suspension. The suspension notice mentions a proposed capital raising and acquisition. However, in the Lucid Sight announcement, despite participating in the US$6 million finding round, the amount invested by AB1 was "not material." AB1 currently have a strong cash position, so there would be no need to issue new shares for a trivial investment. The highlight of this announcement was the collaboration agreement and not the investment.

    I suspect there is something else in the works that will be announced this Friday.
 
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