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Ann: Valentia Investment Update-EVM.AX, page-98

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butcherboy

20,025 Posts.

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18/10/16

13:10

Post #: 19937264
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Originally posted by iansmith2 ↑

Just to summarize my understanding of the current EVM financial situation:

RA Solar - The money due to arrive by the 30th September, based on the September 20th EVM ASX announcement, does not appear to have arrived. The amount due by RA Solar is unclear but possibly in theory $2 million based on 2015 HOA. No announcement by EVM.

Valentia - The ten million yen due on the week commencing 3rd October did not appear. No announcement by EVM.

Future funds.

Valentia - $10 million due by 21st October 2016. Originally due by 30th September 2015.

Apollo - $790,000 due by 31st December 2016 based on EVM response to ASX query in May 2016. This was originally to be paid by December 31st 2015. This is already on EVMs accounts as "Deferred Income".

Expand

That more or less sums things up, except I think the 10M yen morphed back into 10M USD for the week beginning 3rd October.

Interestingly, it is now almost four years since EVM first announced Apollo's licence fee. I'm fairly confident it was first announced in December 2012.

EVM Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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