Thought I'd add the additional bit about funding. We are planning a sales drive into the important North American market where our applications are extremely relevant and where we believe we have large sales potential. This work has been built on earlier surveys and is being carried out in conjunction with AUSTRADE. We are also looking to expand on the UK sales beachhead which is now well established with more than a dozen client sites. To fund this expansion we raised capital in early March by placing 30m shares with Queensland based investment company Scintilla Strategic Investments. Scintilla has taken the view that funding an international sales effort for the now fully developed Cornerstone offering can add significant value and they are committed to being a long term holder on the register. Hard yards are done now. Wait for the major contracts to continue and this one head to 10 cents plus. Not an excessive amount of shares on issue either which is good.
ASV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
