RE: Tweet from JM20 Apr 2017 17:42
The key thing for JM has always been the implied increased valuation he can assign to the DBC using the supposed 'independent' interest of LIFE. To imply this he doesn't seem to bothered that the co has been run into the ground doing it. The same will still apply in 12 months time.
I.e if he allocates Life the originally mooted 7% of the DBC for 200k, now that we now longer have an AIM shell, that will imply a valuation for the DBC of 2.8 mill or so, at a time he will be trying to attract other investment at a higher valuation to avoid write downs in his other co's (plus satisfy his crowdfunders). You see the problem. All this assumes the DBC will even be floatable at all then. In itself an outside chance imo. Hence the 20-30% weighting.
But for the same reasons JM will be very reluctant to see LIFE abandon the DBC, we are now tied to them.
PS Here is wishing ANT a happy (hopefully temporary) retirement.