"We are pleased to have the support of shareholders through the recent placement, which will ensure this opportunity is thoroughly vetted."
It should read we are pleased to unnecessarily dilute holders and place cheap shares for votes in the upcoming meeting.
"R&D Tax Incentive Claim In the cover note to the December 2018 Appendix 4C the company noted the potential to receive a payment in April/May 2019 of approximately $1.2 million under the federal government’s Research and Development (R&D) Tax Incentive Scheme, subject to the usual review processes. This was subsequently revised to $2.5 million and we acknowledge this has caused some confusion among shareholders."
There was nothing confusing about the announcements. The ineptitude or deception of the board cost a few people $$$ based on the initial misleading forecast.
FTT Price at posting:
0.4¢ Sentiment: None Disclosure: Held
