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As per the ASX rules they have to issue a prospectus and raise funds. It will be interesting to see how things progress in the next month.

Have to say I was wrong on this short term. I didn't think it would drop below 6c. My average has crept up to 3c now so no multi bagger for me as yet.

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Between the initial proposal and the final agreement approx 100m performance shares have become ordinary shares which is effectively the vendor transferring risk to the buyer implying a lack of confidence in their product. There is also a $6m capital raising in prospect which would surely have to be around the 5c mark...?
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Wheels looked to have fallen off and they have to raise $6M under a prospectus. HmmmÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¦.

 

What price will they be offering to raise $6M in this market? The market is fluid and can change in a heartbeat. This looked so promising at 9c.

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Have been watching QUR from time to time. Seems to me that there is a chance that some very good news is in the pipeline...or they will have trouble raising the funds at this low price. Wait and see. A lot of tech companies doing OK these days.
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