Hello Everyone,It’s been over 85 days since FTT is in the...

Hello Everyone,
It’s been over 85 days since FTT is in the process of doing due diligence of LONGMILE acquisition.

Approx. 33 days to go and hoping for a progress report at some stage.

After all Company have put 18 months into doing DD on looking for a good acquisition with near term revenue and the key criteria was based on 5 key points mentioned in the AGM presentation.

1. Unique and differentiated value proposition
2. At, or feasibly close, to generating commercial revenues
3. Minimal further development required; utility of technology established
4. Near-term commercial inflection points achievable with existing capital
5. No major regulatory impediments to achieving commercial success.

Hopefully it will commence trading before Xmass.

Below is my research note on potential acquisition shared on 26 July 20. Just sharing the link incase few of you have missed it.
https://hotcopper.com.au/threads/ftt-research.5444892/page-242?post_id=46068391

IMO just a matter of time and we all be rewarded for your patience.

Good luck to all holders.