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Very good. Your argument is compelling. I've need some more...

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frankieV

989 Posts.

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16/11/18

16:19

Post #: 36535695
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Originally posted by drifta ↑

@frankieV, no, listing fees are minimal and were paid by listed companies recently.
FTT hold $4Mi currently, but this post by @webral with regards to the R&D rebate due next year to FTT is relevent and correct and i quote @webral post earlier today.

"If you look at the quarterlies released in Oct 17 and Jan 18 R&D spend = $0.81m & $1.44m resulting in a $1.23m R&D payment in May 2018
Go back to the previous period tax year 16-17, the R&D spend was approx $6.7m looking at the full year report resulting in a $3.1m rebate in Dec 17
According to three quarterlies released this CY, FTT claim to have spent around $5.5m on R&D. If you add on the current quarter it would be fair to assume the claim will be based on $6m-$7m spent this calendar year. This is why I guess the rebate will be near $3m and be paid in May/June next year working on a 40%-50% payout ratio."

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Very good. Your argument is compelling. I've need some more research into shells, this is just not an area I have any experience with. I'll be on the sidelines watching. Good luck.

FTT Price at posting: 0.2¢ Sentiment: Sell Disclosure: Not Held
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