What if the company was set up to help businesses for R&D grants only!!!!!! Benefits both parties.
Conspiracy theory: Shareholder(s) invests in a asx registered business (as it is public company....salary comes from shareholders especially when no revenue generated).
the shareholders business uses the tech's, pilot plants (like boilers etc.,) etc to run their own business whilst the ASX registered ECT keeps the project under R&D.
i am assuming the R&D benefits could flow on to the customer(s) who have implemented the R&D piece of work!!!!
So, the shareholders invested (may not be the right term) in the company, keep their company running with less investment and may also be eligible for R&D benefits.
The ASX registered coy gets R&D grants (publics money).
IMO the whole set up looks like give and take....
All IMO
DYOR
ELF Loans / ELF Shares, page-41
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Mkt cap ! $9.515M | |||
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