Post SciDev Acquisition Company’s cash balance will be approximately $2 million Maintenance of low monthly operating costs Will receive a dividend flow from SciDev Possible integration of Tasmanian operations into SciDev
Science Developments, which is Sydney based, has had a profitable operating history since its establishment in 2001 to commercialise technologies developed in the area of organic wastewater treatment chemicals that are applicable across a broad range of industry sectors.
They have done very well, they have a market cap of around $4 million and $2 million of that is cash and now own 50% of a profitable business in which they can acquire 100% in a couple years time... Cheap IMO
