This backdoor listing is slowly starting to come together. There...

This backdoor listing is slowly starting to come together. There is no code available yet to start its own thread but Animoca Brands (formerly Blackfire Minerals BFE) has a ticker ABL. One would think they would raise the maximum of $5m as I suspect it would be well supported from Hong Kong where the company is based. ABL also has a very impressive Board by the look of the credentials of the Board members. The new company is in the "new" space ie a growing market with huge potential for upside and no longer in the dead junior explorer space which Is all but dead.
It already has revenue, brand, IP, established business etc so one would think that it will do better than BFE. When I irst got into BFE @ 1.5c the shares spiked at around 3.5c when the deal with Animoca was announced. The new shares are being offered at 20c post consolidation or the equivalent of 1.5c pre. Therefore logically one would think that upon re-listing the shares should at least go to 40c. My opinion only looking at all the facts. Even Fat Prophets are covering them as a speculative buy (given they are getting a fee for the report produced) however I wouldn't think they would cover ABL if it was a complete dud. There are still risks involved and performance hurdles are low BUT surely it cant be any worse than where BFE were prior to this!!! Anyway I am taking up more in the IPO but DYOR. I would be keen to hear anyone else's opinion on ABL esp former BFE holders.