Ann: Supply Agreement with NSW Ambulance Service , page-37

re: Ann: Supply Agreement with NSW Ambulance ... You still on this one Turbo ?

Stock touched 2.8c on the day the issue was announced, my guess someone buying in to apply for the stock.

I do like that the directors hint this will be the last forseen capital raising. They obviously see revenue around the corner and a decent pump in the share price to have the free attaching oppies excercised.

They are also willing to front up $900K of their own cash, around 1/3 of the total raising.

Mudguts:-

The product is FDA approved and the Concord Hospital was the major testing. That has opened the way for the NSW ambulance. You would expect some other medical institutions to come on board on the back of this.

Would have to research the saving per nurse time. But if you assume a nurse is paid $60/hr, then it is a saving of $20 per patient per 24 hour period. Annualise that over the entire hospital and the savings alone are enormous.

I believe that ALT's burette is also as cheap as the current industry standard burette. Perhaps check previous announcements on this one.

The big draw card was the hint in the prior announcement at the major international interest.

Now that they are FDA approved, have a major and leading teaching hospital and NSW ambulance on board, it very much derisks the product curve and leads the way for a large pharma to come on board.

The last box to tick before this is production and distribution themselves, which would make them self sufficient and a takeover target IMO.