In regards to the increased shares on issue for purchasing the remaining stake in MCL.
I can't see Andrew rapidly dumping shares after escrow so as far as companies issuing shares this would probably be one of the more potentially stable issuing of shares in my mind.
As it stands we are entitled to 55% of the profits, we will be entitled to 100% of the profits if aquisition proceeds.
We stand to absorb MCL's 45% value to the companies bottom line & any dividends paid in the future will work out to almost how it potentially would now if we only owned 55%, difference been Andrew will be recieveing his slice of the cake in dividends instead of cold hard cash seperate to QBL holders?
For this we stand to gain complete control over the company & a much simpler business model.
I'm personally not suprosed AK didn't hand over the remaining 45% cheaply, the dynamics are changing rapidly & MCL has grown considerably over the last 12 months.
QBL Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held