Billionaire on the Register

Just remember where you read it first. Here’s something to keep a close eye on.

SAV has just passed its 1 year anniversary for being off the boards after being placed in administration. It has subsequently been taken out of administration and recapitalized. And look who just lodged a substantial shareholder notice – none other than Bori Liberman, patriarch of the billionaire Liberman family.

Why would Liberman be stuffing around in SAV unless there was something brewing in the background?  Bori has pumped in $400K for his holding - which may be chicken sh_t by Bori’s standards; but one thing I’ve learnt over the years - the richer they are, the tighter they are. Bori hasn’t pumped in $400K to turn it into $4m (which is still chicken sh_t for him). You’d think se has invested $400K to turn it into real money.

In the meantime, although SAV can’t be traded, this is definitely one to keep an eye on to perhaps participate if there are any further capital raisings prior to relisting.

When I have some time, I’ll look into the recapitalization in greater depth and report my findings.