ETW is an interesting company, it has done a rather large...

ETW is an interesting company, it has done a rather large re-structure and turn around going from wine to biotech. However I feel this has a lot of potential. As per their previous release, they entered into an agreement to purchase 100% of Alexium (see the below excerpt from the ann):

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ALEXIUM LIMITED
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ETW Corporation Limited (ETW or the Company) has entered into a conditional Term Sheet to acquire 100% of Alexium Limited (Alexium), a Cyprus‐registered company that owns a patented process called Reactive Surface Technology (RST), on a 100% scrip basis (the Transaction).
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Alexium was awarded Worlds Best Technology 2009, ahead of 90 other short‐listed finalists from 27 US States and 11 countries from a wide range of industries at the Worlds Best Technologies showcase. This annual event, which is the largest of its type, partners with the US venture capital industry and invites new technology submissions from around the world. It is the premier annual global investment and licencing forum for emerging technologies.
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The RST technology was originally developed by Dr Jeff Owens at the United States Air Force (USAF) for the Department of Defence (DoD) and Defence Threat Reduction Agency (DTRA) for the purpose of treating standard textiles to provide protection to soldiers in the event of a chemical and biological threats, whilst also providing additional benefits such as water proofing and flame retardance.
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RST utilises a one pass microwave technology treatment in linking smart polymers with nano‐particles to securely graft functions (such as water and oil repellence, flame proofing or
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antimicrobial) to structures such as textiles, glass, and paint to produce materials with unique new properties and multiple functions.
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In comparison with conventional treatments, RST uses significantly less energy and minimises waste water. It is simple to integrate into most existing manufacturing processes requiring relatively low levels of capital investment.
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RST is being further refined and developed by Dr Owens and his technical team of 16 scientists at the USAF Research Labs (Tyndall), with a dual focus on new applications and preparing the RST technology for industrial scale production.
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To date, the US government has invested approximately USD$30 million in the RST technology. Alexium is now positioned to reap the potential commercial benefit of this investment, plus any additional future spending.
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The USAF has assigned all rights in the technology to Alexium exclusively, and the parties are effectively operating subject to a Collaborative Research and Development Agreement (CRADA), which is yet to be executed. The services of Dr Owens and his team, together with DoD research and development facilities, will be available to Alexium under the CRADA.
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Overall, there is plenty of news to come in this company, I would not be surprised to see ETW jump, with a heavily oversubscribed Capital Raising, as well as upon re-instatement it went straight to 4cents, sophisticated investors are keeping this on the downlow and acquiring stock slowly in low liquidity conditions before it takes off...

I am open to thoughts and comments and look forward to seeing ETW develop.

Merry Christmas,

Cheers!