ADO
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9.09% 2.4¢ anteotech ltd

Mate. The Govt grant is not “cash”. First, the company has to...

  1. Fat Harrys Cat
    5,124 Posts.
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    02/09/24
    16:11
    Post #: 75491529
    Mate. The Govt grant is not “cash”.

    First, the company has to draw down what little cash they have to pay for something that qualifies for the grant.
    THEN they pass on the (paid) invoices and the paperwork to the Govt which reimburses the company. (That’s how I understand it but there are several on here eg Eggboy who can correct me if wrong.)
    So at best it’s cash “neutral”.
    ADO Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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