ALC 1.56% 6.3¢ alcidion group limited

I would also note that the impending exit of BlueSky Venture...

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    I would also note that the impending exit of BlueSky Venture Capital from the register should not be interpret as a failed investment in Alcidion. It was primarily driven by what has happened to BlueSky and incoming involvement of Oaktree.

    Alcidion has done the right thing by shareholders by extracting a commitment from BlueSky for an orderly share selldown and has already engaged Henslow and Veritas to assist with the book build.

    As flagged by other posters on this forum, BlueSky's venture investment horizon is only for a few years and not long-term. I believe they got set at 2.0 cents per share and, if so, can still be considered as a relatively successful investment (albeit modest one from a venture capital point of view).

    Many of us have talked about the need for a strategic institutional investor to come on board. The company shares that view and is working hard to get someone 'sticky' on board.
 
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