I see the company applied for license, but has no cash in bank, and current liabilities. Dont know how they would get the license, so many hurdles to jump though and a lot of the hurdles are cash intensive. Wouldnt be surprised to see an announcement for capital raising, more shares issued and dilution, probably able to enter at cheaper prices, still the sector is a buy imo.
Ann: Algae.Tec Submits Australian License Application, page-20
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