Musings27 May 2019 23:40
The big question for me in the immediate future is, where are the funds for further investment going to come from, and how will they be allocated? The obvious answer to the first part is a Leap sale, but perhaps there is potential to realise liquidity elsewhere...an Intensity T/O? As to allocation, we have been waiting to hear since last year what percentage of Factom we will end up with after Series B, and in the meantime it has become clear that Abony and co want a hefty stake in the latest cannabis investment too, whatever it turns out to be. These two investments could well require further funds beyond those raised by a sale of an existing asset.
I hope a placing or rights issue is out of the question at our present level, but perhaps a Leap or an Intensity sale, for example, would raise our SP to a level where the market could be tapped for further funds, for the two large investments I mention above.