TTL - Transcendence Technologies - Aussie Stock Forums

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  1. #1
    Make the drill work for YOU springhill's Avatar
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    Default TTL - Transcendence Technologies

    Company Update

    GRP Corporation advise that it has made significant progress on the due diligence of European Energy Limited (EEL), per the announcement to market on May 25, 2012.

    The Company is also pleased to announce that it has successfully raised $420,000 through a convertible loan agreement, and hopes to complete a further funding of $1,000,000 via convertible loans in the next 60 days.

    The directors are continuing their evaluation of an additional project as announced on 16th March 2012. The projects under evaluation provide a compelling investment case in the opinion of the directors and the Company hopes to enter into a binding acquisition agreement shortly on at least one of these projects.

    The Company will advise the market of the outcome of the funding, due diligence and negotiations of the additional projects in the near future.

    The Company would like to advise shareholders that:
     After completion of Due Diligence and satisfaction of the terms of the Term Sheet, the Company will seek shareholder approval for the purposes of Listing Rule 11.1.2 for the proposed acquisition of EEL and;
     The Company will be required to re-comply with the requirements of Chapters 1 and 2 of the listing rules prior to the re-instatement to trading of the Company’s securities.
     Any securities issued by the Company prior to implementation of the Proposed Acquisition may be subject to escrow restrictions in accordance with the listing rules.
    "You have enemies? Good. That means that you've stood up for something, sometime in your life" - Winston Churchill

  2. #2

    Default Re: TTL - Transcendence Technologies

    On January 28th, 2016, GRP Corporation Limited (GRP) changed its name and ASX code to Transcendence Technologies Limited (TTL).

  3. #3

    Default Re: TTL - Transcendence Technologies (has $3.48M cash with very lowish EV)

    Anyone familiar with or watching TTL as came across excerpt below from a month ago (has $3.48M Cash as at 30/06/16)
    FPO: 155M
    T20: 74%
    MC: $4.65M @ 3c
    Cash: $3.48M
    EV: ~$1.25M @ 3c

    24/08/16 Transcendence Technologies (TTL) is pleased to announce good progress is being made in the delivery of the E-Collate software product which aims to streamline administration of the growing Self Managed Superannuation Funds (SMSF) market. Testing of prototype software is close to completion following extensive scoping and design on a technical and industry level to ensure the highest quality product is delivered to market.

    Following prototype testing, final development of the E-Collate software will be undertaken. TTL management has conducted an international selection process of leading software development houses throughout Australia and Asia to participate in the final development of E-Collate.

    The Company has been pleased by the significant interest in the project, and will conclude the selection process shortly. In parallel with the development process, the Company is developing its sales strategy targeting both the B2C and B2B markets. TTL plans to include industry participants during the testing phase of the product to continually build its relationships with potential customers.

    Please DYOR as always .... Cheers tela

    P.S. TTLO oppies been moving up nicely too (expiry 10/08/2019 with 5c strike price!)

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