RE: RTO and suspension in trading17 Jun 2019 21:26
IPO's can be more difficult and much more expensive. With an IPO, you'd also have to consider giving away a much bigger portion of the asset in order to attract investment. Where as here, if its something that we are expecting come in, the portion of the asset exchanged might not need to be as big and a more generous valuation could be attributed to the shell which will also give a better heading/support for:
1) the RTO to work.
2) to support any future fundraises or changes
3) investors will support any future RTO's elsewhere as trustworthy bod's are often hard to come by on AIM.
Just my view, I know you have a different one that is purely only listing + cash. But i'm adding in sentiment, past difficulties they've had with an RTO and significant losses that can be offset against.