Not sure if anyone noticed this in the latest 4D - "net tangible...

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01/03/17

08:50

Post #: 22996406
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Originally posted by Wise_One ↑

@masterash

Yes, more of BLs shares come out of Escrow in Juky, however we will be unable to sell them as the stock will be in a "restricted window"

If everything's on track, the FDA submission would have been made in 1H with a decision in Q3...

There is no chance in hell he would be able to legally sell his shares during the FDA's processing window - the board wouldn't approve & ASIC would also have concerns.

Thus - his window would open after the FDA decision... In which case he'd probably be getting over $1 each in any event IMO

Finally, for all those who doubted the "legitimacy" of BLs claim to satisfy a tax liability due, hence selling all those months ago - yesterday's Half Yearly report should help the understanding of this.

The company incurred $5.5m in "Share Based Payments" expense due to the issue of options to directors & key staff... This expense is also recognized as income for whomever received it - BL would have received a significant amount of these...

Note that BL also received Share Based Payments from his other directorships too... Look at Alcidion (ALC) his receipt was c. $700k alone on that one.

Hope that puts to bed any lingering worries about the past & we can embrace THE MONTH OF MARCH!!

This is it... It all comes together this month!

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Not sure if anyone noticed this in the latest 4D - "net tangible assets per ordinary share (Item 3) 1.74 cents" !!

..and intangible assets..x bn AUD !

GLTA..hold tight !

RAP Price at posting: 32.5¢ Sentiment: Buy Disclosure: Held
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