Focus and attention2 Aug 2019 14:51
Let's keep it. We are rolling up to the AGM. So a few thoughts rattling about in my mind that I'd like to post here.
We suspect that a RTO of some sort is about to occur here and we are (likely) to give 25 percent authority of the current shares in issue.
My suspicion, is that this will go to one sticky holder or a group. Perhaps those bringing their business here.
For all intents and purposes, that will make any kind of price irrelevant.
For like the subject heading, focus and attention should then be what's coming in. By allowing that 25 percent (now think if you was bringing a company here), you'd want to keep control of it but at the same time, during the reverse, you would be able to transfer your wealth/ownership from a company into physical stock that you hold on a listed entity. There are many reasons why this would be beneficial.
For us, that might warrant that one's risks have been mitigated and that any equity raise/exchange can be done without harming them and existing equity here... (you get more of the incoming by giving less away as there's no need to given the holding)
If it was for any other purpose, the authority might have been for substantially more...