FER fermiscan holdings limited

The company anouncement on 05/09/2011 regarding Notice of...

  1. 249 Posts.
    The company anouncement on 05/09/2011 regarding Notice of General Meeting to be held on 7 October 2011 states on page 8:

    USE OF FUNDS (Re capital raising) approx that;

    10% will be used to further the company's Italian and French trial on non-evasive diagnostic test for the detection of breast cancer.

    30% toward the identification of any potential new businesses, and the balance

    60% for working capital.

    They plan to spend 3x more on potential new businesses that further tests re Italian and French trials.

    This I believe along with the appointmet of the two new directors (who both have had extensive involvement not in the Medical field but in the Resource Sector), is a strong indication of the future plans of the company.

    Nothing else makes sense IMO.

    Yes I hold.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.