I have done considerable work in the past for some the largest global engineering firms and I have seen many "goodwill deals" like this before. Whereby someone wanting to work with a brand name like Siemens would buy their existing IP/projects and do a better job then they could with them.
When I saw this announcement I knew I was looking for one thing... and one thing only. There it was on the second last paragraph:
"With this significant acquisition completed, KALiNA intend to actively explore future opportunities to involve Siemens as part of the Company’s rapid deployment of the KALiNA Cycle® globally."
RR
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $29.00M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.1¢ | $44.81K | 3.779M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3403081 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 1623771 | 3 |
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| KPO (ASX) Chart |