The MOU statement back in January definitely did some damage to...

The MOU statement back in January definitely did some damage to trust.

However, it did contain a decent quote from the CEO of BTNX which showed both parties intent. Since then they say they have moved to a LOI with POs subject to TGA approval. Both BTNX & SureScreen look like good partners to be involved with.

Around the time of the MOU announcement the TGA changed a number of their processing rules and guidelines (they say) to deal with the influx of new RAT applications. All it did was hand yet another free kick to any company that was already approved for RATs and made it harder and slower for new entrants in the interim.

You could look at the charts for RNO, AT1, ADO & LDX since late January to see they have all suffered a similar fate share price wise, whilst they deal with their individual circumstances.

Let's hope yesterday's capitulation was the flush out of weak hands that we needed.

The TGA process can be complex, especially if there's any complications that arise through the process.

I think if the MOU/LOI had fallen through it would have to be disclosed. So it looks like we're still going through the approval process - just like a number of other companies.