In my opinion this is not a deal that looks after existing holders. If this follows other shells who have 'acquired' tech projects with significant dilution, then there is a likelihood that once the deal is done and dusted the new company will consolidate viciously leaving SSG members with significant leverage in their own project and the poor old BUR holders left out in the cold. AND how many times have we seen the share prices of consolidated companies fall significantly from their relisting price? I have seen the post consolidation share prices of some companies go back to the pre-consolidation share price! If I am correct BUR will have given itself to SSG for very little, if anything, in return. Freehold and others before you attack me, really what does it matter if this so called nano technology is truly disruptive - BUR holders will get to own very very little of it? If I was a BUR holder prior to this 'deal' I'd be angry and I'd be looking to get out either in the post announcement hype or in the scramble to buy in just prior to the suspension for re-listing.
All the best to BUR holders.
All IMO
Regards,
Chilloutman
BUR Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
