I think once Ironclad get into production I wouldn’t be surprised if Ian did another in-specie distribution of some of Trafford owned Ironclad shares to us long term Trafford holders. Trafford hold 27 million in which they could distribute 5 – 7 million to holders and still have a substantial Ironclad holding plus still have the 20% free carry. It will also give Ironclad more liquidity..
Time to accumulate Trafford at these low levels..
