The confusing part of all this gizard is tdx is not just a shell, if you look into just the Tb ip they have and the deal with speeDx and the fact tyrian gets 40% of all future profits we are potentially talking 10s of millions if not 100s of mil revenue a few years down the track. Not factoring in anything else.
So what do you offer a back door listing into a business with this potential for?
By no means do I regard myself an expert on any of this but I cant see why the directors would sell this to anyone unless the share position was somehow maintained in a favourable way or the buyin price was substantially higher than a normal shell play.
last time i talked to jen she identified they had already turned down some offers for the business because the fit wasnt right, and also made the point that the direction post feb was not yet locked in due to recent developments.
Be interesting how this plays out, and regardless think anything up .005 is still probably a good play without more information.
Like I said confusing to me and I dont know the answers, if you think you may am happy to be educated.
CGA Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held