DDT 0.00% 0.4¢ datadot technology limited

Ann: Trading Conditions Improve , page-46

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  1. 53,839 Posts.
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    IMO, something is very wrong with today's spike.

    I wish current holders the best but DataTrace http://www.datatracedna.com/), a subsidiary of DDT, has had a JV with CSIRO for quite some years.

    Today, they stated they have entered into a deed with Ipeco Pty Ltd (a subsidiary of the Regal Grange Group) - no patents have been lodged.

    The Regal Grange Group (http://www.regalgrange.com/) also operates Seed Solutions Pty Ltd (http://www.seedsol.com/)which tested the product.

    A deed is defined as a legal document that states an agreement or obligation regarding a property.

    I'm getting worried for shareholders as Seed Solutions tend to attempt, via their Lab, to experiment in Coriander Root Rot, Parsnip Procoat & Onion Progrow.

    300m volume today with $1m cash with an underwritten rights issue at 1c, underwritten by Directors does not IMO sound ethical. I am concerned as now I believe a change of interest now is very likely. If I'm right, this one may have been a P & D of proportions we have not seen for a while as today's announcement, IMO does not fundamentally re-rate this organisation to current levels.
 
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