Looking for the next Alexium International Group Ltd (ASX: AJX), Nearmap Ltd (ASX: NEA) and Electro Optic Systems Hldg Ltd (ASX: EOS)? There are five things to look for when hunting for the microcap superstar, and little known XTEK Ltd (ASX: XTE) not only ticks these boxes but shares a lot of similarities with this group of 10-baggers. The company has not one, but two innovations with world-wide applications that is aimed at the large US market like AJX and EOS, and has disruptive technology relating to drones like NEA. You won’t have to wait years for a payoff either as XTEK has a number of major milestones coming up in the next few months. Further, the company has a few other things going its way too. Click on the link to read my blog for more details (VIEW LINK)
That sounds like quite a unique funding arrangement, I have never come across an ongoing (presumably underwritten?) equity finance facility before.
It is unique and pretty uncommon. I don't think it marks a trend though.