ALT in enviable position!

Having read recent posts, I thought I'd use a new title to get the point across that many people seem to be missing.

ALT's cash position is strong, with excellent & very capable support from cornerstone investors (Chairman & INOV8) as demonstrated by the recent placement. INOV8 is in fact Peter Corr, & as explained by someone else in the following post, he will be managing the license deal auction:
https://hotcopper.com.au/threads/can-they-get-there.3075596/page-77?post_id=22139693#.WJ5rYn-k254

Both the Chairman & INOV8 (Peter Corr) clearly have considerable means & are able to provide more funds as needed - if in fact they are ever needed. The current placement was not done at a discount - which is admirable. Looking at the cash position, ALT are in good shape for at least 6 months, with another million dollar plus R&D refund to come later in the year:

	Column 1	Column 2	Column 3
0		$k	Source
1	Cash at 31Dec16	1,228	Dec16 4C report
2	add Feb17 Placement	1,442	Placement announcement
3		2,670
4	Q1 cash outflow	(955)	Dec16 4C report
5	est cash 31 Mar17	1,715
6	est Q2 cash outflow	(955)	est same as Q1
7	est cash 30 Jun17	760

Looking at the words used in ALT's recent announcements, we should expect the V3 to be released shortly ["Imminent Release of V3" - Capital Raising 31Jan17], creating the final product that will be core to the Licensing Deal.
"The Board and management appreciate the confidence of our major shareholders for supporting share placements (without discount), totaling $1,442k, which ensures the company has sufficient capital to complete the roll out of the V3 and advance negotiations with a licensing partner" - Capital Raising Announcement 31Jan17.

That is all seriously exciting!! Not many other micro-caps have major shareholders with very strong involvement, commitment & financial resources to ensure their goals are ultimately fulfilled.

I'm currently buying more at these levels, & anyone who is underwater should seriously consider buying more at these levels whilst they last!

IMO only, DiaYOR