Hi Apples - from page 52 of the 2020 Annual report (both current...

First 497 Last

Share
Profile

Follow
spyglass

1,345 Posts.

141

12/02/21

09:26

Post #: 50920468
Share

Originally posted by applefoot: ↑

Hi dking99...... many thanks for that very succinct reminder of the details of the agreement between our company and Glioblast.Pty Ltd. signed back in October 2016.

So....Two questions for my fellow investors here.

Quote.
“The shareholders of Glioblast will be eligible for further payments in cash or equity on the achievement of performance related milestones...... The first two of these milestones provide for the issue of ordinary fully-paid shares valued at A$1.25 million respectively on commencement and successful completion of a phase II clinical trial of GDC-0084,”

Question 1.
Have we ever reached a successful completion of a phase II clinical trial yet.... and if not, when is that likely to happen? .....and what will be the payment due?

Quote.
“A further two milestones may trigger payments in cash or equity at the Company’s sole discretion. Any issue of equity in the Company will be subject to a minimum six-month escrow period.”

Question 2.
Does anyone know exactly what these further two “milestones” are by definition?
..... and then, the likely timescale and the payment amounts that will be paid out on reaching these two milestones?

Unfortunately Ive not been following the detailed discussion on the board for a while.... but on catching up with reading a mountain of posts the last two days, there seems to have been a very lively and wide ranging scope of topics..... some of which seem to cover this subject. Just not been able to get a single clear view of the detail of contractual situation though.

Has this been filed under “commercially sensitive and need to know “ basis? And is that the cause of some of the dissatisfaction of late.

My thanks for any clarity and concise view of the situation that anyone can bring to these two questions. Having to ask for details on these matters is a new and humbling situation for me... considering how long I’ve been invested in the company. (grin)

Apples

Expand

Hi Apples - from page 52 of the 2020 Annual report (both current and non current contingent liabilities)

Last edited by spyglass: 12/02/21

KZA Price at posting: $1.28 Sentiment: Buy Disclosure: Held
6 Upvote

1 Great analysis

Reply

Top Stories

Bitcoin investors need to know the risks

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

ASX hits all time high out the gate on Friday trades following bullish US inflation data

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

There are more pages in this discussion • 295 more messages in this thread...

First 497 Last

Add KZA (ASX) to my watchlist

Hi Apples - from page 52 of the 2020 Annual report (both current...

Top Stories

Bitcoin investors need to know the risks

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Immutep reports strong response rate from immunotherapies treating carcinomas

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Nimy to raise $1.21M to explore 'newsy' WA targets

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Featured News