I'm curious what others think. I'm thinking maybe they will seek some sort of licensing agreement for this product in Indonesia to generate income? I saw this a few times with other companies where there is an agreement either with milestone payments or licensing fees?
it seems no doubt more money will be required to proceed. It also seems that the founder's family members with the largest holding in the company really don't want to dilute their holdings further, but also any spp means they have to find a large amount of money to keep their %. A licensing agreement would mean income but no new shares issued? Just my thoughts. I recall a long time ago tipping a 28 million dollar cr not long before it happened. Wondering if I might be on the right track again? maybe they went to Indonesia as they were offered some sort of deal if they can get to a certain stage of approval?
if they don't do this type of deal then one would think they will need another 20 million plus pretty soon?
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