+++++++++++++++++++++++++ This is to advise that Alexanders Securities Ltd has entered into a conditional agreement in respect of a possible investment in a company involved in non-embryonic stem cell related products, services and research. Completion of the agreement is subject to due diligence and other conditions.
If the transaction proceeds, a minority interest will be acquired and the amount of the investment will be in the region of $1,000,000 which is proposed to be financed by an equity issue.
P Hetherton SECRETARY
I note that there is a buyer for 200,000 ale at .105 and no seller.
CHP and SCX are the largest shareholders in ALE and could double from here if ALE has a run.
Interesting Good trading Ytrade
ALE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held