"The other interesting thing not previously mentioned is that...

"The other interesting thing not previously mentioned is that they have been treating all upgrades through the P&L as expenses, thus reducing their reportable income, which in my understanding, reduces tax liabilities, but also reduces the profit attributable to the founding partnership of inventors in FR & co, who are elligable for 40% of profit if my memory serves me correctly."


I hadn't considered that, thank you.

As for funding US, they also have $5m worth of proceeds from the 20c options coming in and, fingers crossed, some government grants to sweeten the deal.

Their capital management has been exemplary, so many companies by this stage would have 300m shares on issue. We have had minimal dilution....very important in the long run if this grows as we hope!