Having Ian Malouf on board a good or bad thing, page-2

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8horse

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14/03/19

16:30

Post #: 37764169
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Originally posted by alfred137 ↑

its so interesting when i read the article on The Australian mention about Ian Malouf, founder of DADI last month and i think its time to recap some of the points:

"We had a wait a while for it and I’m pissed off they had to sell an asset – that’s communism right there. But all in all I’m happy and we’ll get to work. It has been hard to keep working given we were waiting. You do your best, but we’ve got there now."

“People who sold out last week will soon say ‘what the hell was I doing’. We will wake up and get straight to work, bringing the synergies together between these two companies and it going to be awesome.”

“Mr Malouf will join the Bingo board but said he would be a hands-on director.”

“I’m looking forward to rolling up the sleeves and getting into the operational side of things. I’ve had clients for 35 years and I won’t be walking away from them.”

I wonder is it really a good thing having Mr Malouf on the board and be one of the executive? ownership is not a problem, as Tartak family owns about 27% vs Malouf`s 12%; but we are talking about the second largest shareholder and one of the director, who built his business from nothing to a $500m enterprise. oh, and with the fresh $300m in the pocket, Mr Malouf can easily snap few more shares at this price.

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Mr Malouf is receiving $377.5m cash, plus 78.7m BIN shares at deemed price of $2.54/share.

He might have to pay capital gain tax of around $120m, still left with $257.5m.
I think he could buy BIN shares like CEO, Daniel, if he thinks share price is undervalued.

He agreed with the deemed price of $2.54/share.

BIN Price at posting: $1.63 Sentiment: Buy Disclosure: Held
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Having Ian Malouf on board a good or bad thing, page-2

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History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

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