Calci Tech Ltd (CLKTF)

[hang ten]

RH, thanks for posting.. I believe this is a wise decision by Mr Leopard:

Your Company made an investor relations appointment last year with a view to carry out private placements in the USA. Despite considerable efforts and expense, the only form of financing that was readily available was in the form of "equity lines". We were advised that these forms of finance, which are unfamiliar to us in Europe, were not appropriate to a company of our nature and would not be beneficial to our shareholders. We therefore decided we must concentrate on the European markets we know for new finance.

My suspicion is financing here involved some kind of 'convertible debt' which can be a killer for startupsor co's in early stages of development.