I believe that there is a lot speculation on the good or bad of this deal. There is a fact. PVD has some cash, FTT is dissipating value with very diluting capital raises. The last one has been on terrible terms. This is not defamation, but purely a reflection of plain facts.
Combined the two firms could manage 12-14 millions for a new project, including the R&D rebate.
If there is a good idea, in any field, there could be something out there that could build value. Worst scenario the combined entities will be an opportunity for the new management to play with this toy. The failures and high spending of FTT is a fact as the $70 millions that have been spent in the years on a terrible utopian project has sucked all the potential energy out of this bad baby.
Currently, FTT is a poor company, as the past has killed even the good thinker. Future capital at good terms is a dream for FTT.
So let the new guys play with this toy and prove to themselves and the shareholders that they know how to be responsible and value builder for the shareholders.
If they will fail too, well...it will another bad case of very poor Australian management.
FTT Price at posting:
0.4¢ Sentiment: None Disclosure: Held
