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30/10/17
19:24
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Originally posted by tinstuff11
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Benny - SER demerged VXL in about 2011/2012 and punters receive 1 VXL share for every SER share. VXL consolidated @ 4:1 before finally listing Jan 2014.
VXL appreciated quite a lot but then overspent - only to go into a trading halt.
the majority of creditors then took equity in lieu of repayment - new directors appointed.
changed name to QGL and since did not pay asx listing fees for 2017/2018, has been suspended.
SER are making claims to wrest control back from the new directors and we await the outcome.
SER demerged Ionic in June 2015, again @ 1:1 and Ionic have had a recent CR - final results tba. Initial results were positive and sufficient to fund R&D to Dec 2018 I think.
but more $ raised per the general public part of the CR.
Ionic hoping to list after attaining positive cash flow via development - either direct or via a royalty.
Link are the share registry [same VXL]
it is expected Ionic to have a consolidation ahead of listing [in 2018]
SER website details the deemed value for the 2 demergers, which is available to use for ATO purposes
hope this helps and also hopefully you participated in the recent Ionic CR
ps, you should subscribe to the Ionic Industries updates - just go to their website, click on news and it will prompt you to subscribe
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" but more $ raised per the general public part of the CR. "
Tin, I was listening to 6pr this morning, the CSIRO , have a venture capital fund of $ 200 million, they are looking at a minimum threefold return on their investments.
Given Ionics three market segments have a combined value of $ 35 billion, and Ionics products the CSIRO would be mad not become involved.
http://www.csiro.au/en/Showcase/Innovation-fund
I am drafting up something for the strategic investments thread, with a bit of luck should have something by the end of the week.
Raider