Hi All, The annual report doesn't add much to the conversation that hasn't been said in the recent quarterly. Except it does flesh out the research on a new, new process a tad. Really , the discussions with other parties won't be advancing until the original , and any subsequent other patents , raised by the more recent research , are resolved. I had the middle of next year pencilled in , but 2026 starting to look more likely. It is possible that there could be some earlier monetisation of the process by joint venturing with a large company , but that has not been Reward's usual practice. In the mean time , we await the capital raising. As far as increasing the Ruane loan as another option , vs a raising, the exchange might well ask why they were so definite about a raising in clause 8.82 of the quarterly report. Signaling a raising will have had an effect on the share price , a director buying if a change was being contemplated might well have company in trouble. That , to me , pretty much rules out anything other than a raise, because whatever else this company is , it is scrupulously honest and follows the rules. There would have to be a major external change[ ie like a joint venture] to affect this outcome. cheers
RWD Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
