Hi Alex
I don't think they will meet the November deadline for last milestone unless they sign off on an International JV for $10 mill.
If they do (eg. sign off with WB), I think I would be great for the share price notwithstanding final performance shares will be issued.
Can't think of any downside over the next month.
So:
- If they don't meet the milestone then all those posters (holding shares) that have commented negatively in the past will no doubt breathe a sigh of relief;
- If they meet the milestone that's $10m in the bank and I would think it be be looked upon very favourably by the market is it comes with a JV with a big player getting closer to commercialisation. Personally for reasons stated previously I don't think prepayment of $10mill for 5 machines would constitute revenue for the purposes of the milestone.
Hi AlexI don't think they will meet the November deadline for...
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