Share
1,383 Posts.
lightbulb Created with Sketch. 53
clock Created with Sketch. 07/03/18
21:46
Share
Originally posted by packyourbags
↑
I have a different theory about this. I believe that OOK made this statement (which was not necessary to make) as legal flag to the ASX that they were not planning to RTO Brontech until the change of company direction was approved at the EGM. Other things that make me think this is that Emma was added to the board (is this really necessary for only a 20% investment?), and the simple fact that Brontech will need more capital at some point (which is normally the reason a speccie lists anyway). My timeline is OOK to purchase a larger stake by the end of the year (when Brontech needs more capital), with the vend occurring early next year. I think it is really bloody cagey by them, as they don't want to raise capital to RTO when the share price is low, they would rather slowly acquire as much as they can while minimising dilution, build the share price, and then acquire the remainder by issuing scrip to Emma (who is already on the board). It is really quality book building imo. This is a much smarter way than doing what some of these other blockchain plays are doing by raising large amounts of capital when their market cap is low. Why the patience? As I've said before Faldi and co have plenty of shares and have really taken their time with this while working for nothing. They are making all the right moves to maximise shareholder value down the track.
Expand
I would love to see a bigger stake in Brontech but I just can't see it happening.
