Traders, my gut feeling is there could be only two scenarios for the reason why Ian hired advisory instead of using his own power:
1. block sale shares either to a broker or AYC (twiggy) itself, and then backdoor listing.
2. find some money man bankroll AYC, payout twiggy convertible notes, become No 1 of AYC.
twiggy wouldnt like No 2 to happen, AYC acquired two VIC gold miners, obviously he is in to do business. IO price has been stable recently, I suppose his bank should look better now than 2 month ago. so that reinforces likelihood of No 1 to happen.
all deal should be done before Nov, I suspect whatever comes out, it needs voting, so will require some time.
I also presume Ian wouldnt lend company any money specially unsecured if he doesnt expect near term return and reward. Twiggy's note costs AYC 12.5% interest, and Ian's unsecured loan costs ORS nothing,.
down risk, I cannot think of any, so I am all in on this one.
ORS Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
