XTE 1.77% 57.5¢ xtek limited.

Notable mentions Acquisition of part of simmersionholdings.com/...

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  1. 1,563 Posts.
    Notable mentions

    Acquisition of part of simmersionholdings.com/ (cheap) in November, this is 3d software for their drones.

    Top 20 holders arent going anywhere & hold 16,280,441 shares out of a total 21,077,233 making only 4,796,792 publicly available.

    The agreement with Kentgrove Capital provides the Company with a standby equity placement facility of up to $10 million in equity funding over a 36-month period. This facility allows the Company to: invest in the further development of XTclave™; engage with US-based partners to commercialise US body armour opportunities; provide the means to effectively commercialise ATLAS digital imagery technology in financial year 2016; and fund future merger and acquisition opportunities.

    Revenue of $12.04 million, up 126% from
    Financial Year 2014

    The FCT contract requires XTEK to undertake
    development and testing work for the US Army
    to develop advanced lightweight hard armour
    plate solutions using XTEK’s novel XTclave™
    CCT. Obtaining this contract has been a
    significant achievement and positions the
    Company for a future that will include
    XTclaveTM products as an important business
    revenue stream.

    This stock has a mix of ajx, kne with drones and armour. Then just add in their throwbots and artillery all in a 10M market cap.

    Again this is a HUGE BUY opportunity right here, 37c so dam cheap.
 
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Currently unlisted public company.

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