CWE carnegie wave energy limited
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I'm confused

  1. bigjig
    932 Posts.
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    02/11/16
    10:19
    Post #: 20302280
    So, the initial announcement of CWE aquiring EMC states third tranche payment is conditional on $30m revenue in FY18, yet this mornings notice of EGM states third tranche is conditional on $50m revenue with scaleback for between $40m and $50m revenue.

    Does that mean they anticipate revenue in FY18 of at least $40m?

    Is there an error in one or both documents or am I missing something here?
    CWE Price at posting: 4.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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