Listen to Mike Holt vision for Gridcomm, page-8

Yup, deal is done.

1) Holt made reference to RTO listing on the ASX
2) Reference to proceeding with RTO with clean shell of a mining company
3) This was chosen as a 'slightly cheaper' option. This tells me that details, including consol rate were negotiated months ago shortly after the MOU was released.

We all worry because of the declining SP and feel that Gridcomm will play hardball with the consol rate, but we need to assume these details were hashed out almost 6 months ago, so whether it is 5/1, 10/1, or worse all we can do now is wait for re-listing. Yes, we can continue worrying about the consol rate, but I think the concern whether the deal is really done can be erased from our minds. If Gridcomm walked away now they would probably be breaching some sort of contract with Odin Energy at a cost to them, and then have to start another long process to have Gridcomm listed. The future of IoT in the energy sector is now - if this were delayed another 12 months competition would already be entrenched and they won't risk that.

I also liked the mention of 10 city deals at approx. $10 million per deal throughout Indonesia, China and others underway. That's a potential $100 million revenue stream straight away (and these are early days). Holt mentioned wanting listing on the ASX to gain capital to continue expansion, and whatever the consol ratio I think we are getting on at the ground floor here and soon afterwards there could be 100+ cities signed up. That's some serious dosh. All IMO of course.