''The announcement by Monument refers to the grant of certain rights to it by Intec International Projects Pty Ltd (IIP) in relation to the Intec Technology. In respect of Intec’s relationship with IIP, the Company refers to the commentary included in its Appendix 4C for the September 2014 quarter, reproduced below:
On 30 September 2014 Intec divested its 50% shareholding in Intec International Projects Pty Ltd (IIP) for a consideration of $50,000.''
Guys, I'm bullish about Intec too but get your facts straight. INL has no stake in Intec International Projects anymore so this arrangement with Monarch has nothing to do with INL
Intec future, page-66
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