OK, finally had some time to do a little research on SAV and...

OK, finally had some time to do a little research on SAV and this looks like a very interesting story in the making.

SAV was taken out of administration, recapitalised and consolidated – and it was very elegantly done may I add.

The first raising of just over $500K was done at 4.34c with a 1:3 attached option to Triton Systems. If you Google Triton, you find the following website: http://www.tritonsys.com/

Triton seems to be a sort of private equity group. “Triton’s technical areas of expertise include advanced materials engineering, polymer chemistry and coatings formulations, structural composites, electronic sensors and detectors, laser processing, robotics and bioactive compounds”.

Now I ask you, what the heck would a group like Triton need a recapitalized Aussie shell for? And then you have Billionaire Bori tipping in $400K at 4.34c and in the next round at 8c?

And just to add further interest to the story, if you Google “Ross Haghighat,” the Chairman & CEO of Triton, you will see that he is on the board of Aduro Biotech, a recently listed (on NASDAQ) $2bn immunotherapy company. Now what do you think Ross would be doing stuffing around with a shell in Australia? I doubt he’d be there to double his money. Triton was/is also involved with ISN. This was their first foray into the ASX and according to my contacts they were instrumental in getting the company to an AUD200m cap.

Another interesting point is that nobody has been given a free ride. Even the Aussie company directors with stock have had to pay for it. I always like it when key players have skin in the game.

This will be Triton’s first foray into the Aussie market though from inception, i.e. actually taking control of an unlisted shell – and it will be VERY interesting to see what deal is going to be vended in.

The big question is, how can we play? Without a doubt, once a deal is vended in, there will be a cap raising and that will be the time to start working your Rolodex to see if you can get set – of course, depending on the deal.

But once again, as I see it and my logic dictates, it seems as though Triton has strong deal flow in “sexy” areas and it wouldn’t surprise if they’ll be looking to perhaps turn SAV into another Aduro.