you should read the recent article on the family businesses post Westfield....a number of members of the family including the new generation are backing startup businesses in the tech area......so this is not unusual at all for what is going on in the family...they have left the retail business for good and are branching out...…
and it is MUCH more than an idea at present as the products are already being rolled out....a lot of Westfield money has already been spent....one would guess > $100m and they are spending $7m+ /month...……..the operating management involved credentials are very good when you read them...….
I think it is interesting...….just need to understand that weak hands need to be distributed out..and this process continues....
OMN Price at posting:
$1.04 Sentiment: Buy Disclosure: Held