It might be interesting to know the terms of the $1.86M granted from ATO for R & D. Are these Caveated funds that may only be spent on particular R & D categorised and approved spends within Australia? Might not be info decided as relevant for shareholders to know....but it would seem a tad wonky if such monies granted by the Aust Govt ( ATO ) were also loaned out to other hi-hi-risk companies, at least one of which being an offshore entity ( Ironsands )
Hopefully this time round there will be some increased prudence in decision making re who gets use of monies provided to BKP either by market, or ATO. Last few times at least one decision to loan to a risky entity cost us $300k+, despite allegedly being 'secured'.
Some prudence and transperancy would sure go a long way toward attempting to regain some market confidence, mixed with a generous serving of time, perhaps some benchmarked risk assessment if we're feeling like doing things by the book.
Can an entity like BKP really keep sending all its cash to some other undisclosed, but implied entity/s? Might be best to quit shifting the money out of BKP accounts, the reasoning doesn't quite seem to stack up in terms of credit worthiness, necessity, and risk assessment, especially when it would incurr no risk at all by keeping as a C.O.D., like most other companies do.
BKP Price at posting:
0.3¢ Sentiment: None Disclosure: Held
