I was expecting something like this and perhaps a final tidy up announcement of any further placements (done since the last one and before the Kronos deal) to shareholders who volunteered, since that book is now closed with finance assured from the Kronos agreement (soon to be formalised).
We are moving into a new era and we say farewell to the "smell of an oily rag" method of funding and development.
I will be interested to see what the sweetener is for Kronos (apart from early access to the technology) - reduced royalties, cheaper licences, whatever. I hope we don't give to much away but in return for getting us over the starting line and all the doors that will now start opening, some compromise will be warranted.
Bring on the cash flow...
sasa
APG Price at posting:
3.2¢ Sentiment: LT Buy Disclosure: Held