OAK 0.00% 6.9¢ oakridge international limited

I think this was a good move, as it was already agreed to give...

  1. 1,209 Posts.
    lightbulb Created with Sketch. 15
    I think this was a good move, as it was already agreed to give 250k to them, it doesn't actually matter if it was in shares or in cash.

    Giving it in cash was a win win. Instant cash injection for JCT growth, and also minimises further dilution which is already a concern. No problem with that move at all.

    As for JCT, they did produce 500k revenue for us this half year - though that is revenue and not profit, it's not a bad start. Be interested to see where it goes with the cash injections from XPE and the fact they've won a 2m contract for Lightsview.

    I believe 1m revenue in a financial year qualifies JCT for a further cash injection. Though I'd have to go back and check this.
    Last edited by Terrorbyte: 28/02/17
 
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