Call Deseign - do BOS buy 60%5 Nov 2017 09:32
So we have 40% of CD for 280K and 5M shares, we have the option to buy the last 60% for the same proportion of shares so that say 420K plus say 7.5M shares (worth about 200K and locked in for 1 year).
According to ASX website, requirement to list if AUD15M so assuming the CD list is real the Mcap is AUD15M plus. So if we have 420K which we will only have from additional drawdowns, we end up with an asset of AUD15M plus with around say 90M shares by that point. This equates to about GBP10M which give a sp based on CD value alone of about 11.5p.
The only 2 assumptions I have made is CD list, and we have GBP420 and would want to buy the rest of CD which I am sure BOS would I would.
Not lets assume (I do not know whether this is the case), that MT has to lower is holdings to 17.5% in order to fund the company GBP420K. If he does, and he knows BOS are winning contracts and CD are continuing to grow - they already have a AUD1.3M contract from an Aussie bank, and they have contract with the 4 majors. He know the shares will completely rerate. If he does not sell the 9M shares he has just sold, he cannot fund and therefore BOS cannot by the other 60%.
Comments - (I am prepared for deramper attacks!!!)