This further buy-in by CRZ makes complete sense. They have allowed ICQ to test the model and run the majority of risk. It appears clear to me that CRZ is happy where the company is headed and the level of risk is now reduced to a point where further involvement is warranted. Noting the maximum creep CRZ is now positioned at, it only appears a matter of time before a takeover occurs? Several synergies would fall out of this in addition to providing CRZ with the additional growth it will requires to maintain and grow its SP as it reaches maturity within the Australian market. Of course, I may be wrong and this all based on my loosely informed view from general observations and internet research. DYOR.
ICQ Price at posting:
$1.15 Sentiment: LT Buy Disclosure: Held