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My understanding is that OOK will be funding Brontech's...

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SP3

18,375 Posts.

189

14/02/18

00:04

Post #: 31035238
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Originally posted by gaff81 ↑

sp3 - I don’t understand where you are going with this post. I am not being negative, I just don’t get it and I would like to.

They didn’t give away 20% of their business, they sold a stake in it for $1m.

You wrote, Did they have any hope of capital raising in order to expand if they weren’t connected with a listed company ? - of course, same way anyone else does, by selling a stake in the business, which is what they did. They could have sought a private individual or any entity buy in - who would want equity for doing so, they determined OOK was the right fit.

Are you meaning future capital raising? As in Brontech will need more capital raising and so need to be aligned with and ASX company to do so? Why? And why would OOK be diluted to achieve that - why would the 20% stake require OOK to provide funding Brontech or a dilution in shares to do so?

Again, please don’t read this as being criticism or negative, I would just really like to understand your point.

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My understanding is that OOK will be funding Brontech's activities. True? If so, how will OOK achieve this without dilution?

OOK Price at posting: 7.2¢ Sentiment: None Disclosure: Held
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