Payment!!!
(not sure how much), from the quote above:
The projected cost for the development of the Cryptocurrency Exchange by Noetic is commercially more favourable and not expected to have a material negative impact on the Company's immediate cash reserves, as the payments are broken down into stages such as: set up, the first year, subsequent year, and on an ongoing annual basis. The payments have been negotiated to be made over a period of time, in a mixture of digital and ordinary currencies, and only at the completion of milestones. Noetic expects BPPL will be able to launch its Cryptocurrency Exchange by April 2018.
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IMO, this is better than the deal with Soarlabs, as it should remove the suspension / potential for the deal being considered as a "back door listing", given Noetic are getting paid rather than ownership /part ownership of the subsidiary BPPL.
Cheers
MSN
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