My understanding8 Mar 2018 23:32
Is that inft will be given a % interest in an enlarged group that will simultaneously list on the main market.
So we as investors will have shares in the new company.
I would say this will be one of his private companies.
1, I don’t know where that leaves inft in its entirety
2, I don’t believe it would constitute a takeover either.
3, How good this turns out for investors depends on a few things
A, How big is the other groups assets/debts and how much will they be valued at
B, What sort of % are we to be given in the enlarged group and what that % will be worth.
C, There will have to be some sort of fund raise, for how much and how will that affect our % as will be dilution.
D, To gain a market listing is not easy as Amadan has stressed.
They have a lot of work to do to get this away in time but also the biggy I’m having the necessary funding ready to go
If they can pull this off it will be a tremendous effort.
The funding side will allow them to move quite quickly to get planning/permits ect to drill some bore holes.
Imo- I cannot see them getting this away as I don’t think they have left sufficient time under the current timelines
However it still doesn’t mean it won’t happen after the Aim date runs out.
Fingers crossed.
I hope GW has employed a few good members to his team with good Corporate experience as the main market listing rules are stringent/more expensive and time consuming to implement.
We may be waiting longer than anticipated but I still think it’s achievable for sometime this year.