Originally Posted by
Nigel
Paying $2.5 million (in shares) for 50% of a new company that will raise $75m in an IPO. Am I reading that right? Seems attractive! And no record date announced for the cap raising, so people can still get on board... buying a portion today and then more in the cap raising at 50c once details are announced. Or maybe they'll make the record date 15 Oct, who knows. Regardless, market cap is only $11m, the company makes a profit and the PE ratio is under 10. Worth a look perhaps.