Some people do consider $2mil a fair price for a shell with no...

Some people do consider $2mil a fair price for a shell with no assets. The logic being that is roughly how much it would cost in legal and listing fees and time if you chose to start from scratch.



My experience says its usually less, but their is definately some inherent valua in an empty shell. And backdoor listings often pay a premium over the last traded price.

If you had $1mil in cash and no liabilities, then I think you would find someone willing to value TDX at $2mil ($1mil listing + $1mil cash).

But like I've said it really depends if we are talking about another company trying to get ASX listing, or if we are just talking about TDX doing a massive cr and changing direction.

TDX has basically shut up shop. So cash burn is low. They have time to find another business. They should survive. But in these circumstances the IP is worth virtually zero.

As for how Fraser gets paid, he is the "facilitator". He will receive a fee based on the project he find TDX. It may be cash or shares. It doesn't matter. He can sell the shares. And it will be part of an overall recap that puts cash in the kitty so TDX will have cash to pay him if they wanted.