Just a quick correction to my post, the 1st milestone related to SABRE, not SUBRE. my apologies for any confusion.
My real concerns relate to the 2nd milestone shares and whether the second milestone was actually achieved and if so how was it achieved because the announcement to the market relating to achievement of the 2nd milestone came shortly after the announcement of a "framework agreement" in China which is NOT a firm contractual engagement in my opinion. Also looking at previous announcements for EMC I could not see that FIRM contractual engagements totalling US $2 million were entered into. if you look at the contribution of EMC to total 2018 revenue for the combined FLC it was absolutely miniscule....nowhere near US $2 million.
So I can't actually see how the 2nd milestone was allegedly achieved from the murky information that EMC provided to the market in relation to this milestone. Do we just have to take their word for it?
If the milestone was not actually achieved then the shares issued to Richard and Co. should be cancelled and Eytan and Ronan should also be required to payback to the Company the money they got for dumping these shares and destroying the share price in the process !!!!
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