re: Ann: Cortical Dynamics Ltd - Initial Publ... Ah, the cynic in me is having a field day.
I was going to read the whole thing before posting again.
But only got to page 7.
Out of cash and in debt (to BPH of all companies !) - no wonder IPO is happening.
"Revenue generated has been as a result of the company's ability to claim a R&D tax offset each year"
Ann: Cortical Dynamics Ltd - Initial Public Offer, page-6
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