RE: CNBC Blockchain article11 Apr 2018 21:26
Hi AH, Hi A_H, I think the appeal of an RTO rather than an ICO to a start up company is the exposure and kudos that a London listing would bring. There are very few (if any!) pure-play blockchain stocks on the market right now, so the ensuing financial media attention generated would raise the company profile far more than an ICO in my opinion.
And while I believe ICO's will become standard practice in the near future, there will still be mainstream market skepticism until sufficient regulatory framework is in place. Also by taking part in a RTO a start up company can sidestep the sometimes lengthy & costly IPO process and get straight to building a listed business.
Taking on a shell also saves on the traditional listing costs, as well as the advisory fees normally doled out to brokers, lawyers and PR firms, as there is a lighter workload than with a normal IPO.
Unfortunately for those wishing to see a quick return on their investment, deals like this take time. Personally, I would rather management completed due diligence and made the right decision than feel pressured into a wrong one. While no specific timeframe apart from year end (and that appeared a flippant remark) in the interview - the email response received and posted on this board suggested an announcement could be made a lot sooner than that. Could be tomorrow, could be months away - such is the plight of a cash RTO investor. But as with the lottery, "you have to be in it to win it"!
Sell up, hold on, or average down if possible - but best of luck what ever your decision...
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