Ann: Algae.Tec Funding and Operational Update, page-9

So they issued stock at effective 2c when you take into account of 1for 1 free option!!

Last issue of shares ? You serious


Lots of assumptions in that announcement and there is a real reason they had to raise.

Makes you wonder why with their wonderful LED technology that other ASX listed company who specialise in rotating growing aren't wanting and using it?

In some ways it is a better company than it was but every aspect of their old existing business is delayed again but they are still spruiking 100 mill Indian plants and they haven't even got the pilot plant finished and running?

That is a lot of cheap stock and options just issued so will be interesting just what happens - if you know the history of the people it has been issued to you may have a idea on that.