Ripper of a news item coming from ALE last night.
Purchased a further 35% of Stem Cell Technologies.
Apparently this company is worth $10,000,000 & growing fast.
ALE now owns 75% of Stem Cell Technologies = $7,500,000.
But trading at a capitalisation of under $3m.
Asset backing post acquisition is around 13c per share.
Fully diluted NTA works out to be 8c. Trading at 3c.
Read the press release. Interesting times ahead!
exbull.
