Listen to Mike Holt vision for Gridcomm, page-133

RTO (Reverse Take over) is only a terminology. What is it and the mechanism? Basically, ODN will acquire gridComm 94 per cent or 100 per cent without payment in cash to gridComm shareholers but the shareholders of gridComm will be given 169 million of ODN's shares post consolidation + the right for performance bonus. After the approval by current shareholders in the general meeting, the current shareholders and ex gridComm shareholders will own ODN and ODN will legally own gridComm 94 per cent or 100 per cent. The percentage of equity ownership of current shareholders and ex gridComm shareholders in ODN will depend on the consolidation ratio and the number of shares to be issued during CR. It looks like the CR will be largely oversubscribed and they may obtain $7.5 million from investors instead of $4 million.

If the consolidation ratio is too high, current shareholders will not approve this RTO or acquisition of gridComm. Therefore, to induce current shareholders to approve the acquisition deal, directors of ODN and gridComm shareholders should make sure that the consolidation ratio will be attractive to the current shareholders. In other words, win win solution for current shareholders and gridComm shareholders.

I guess that ODN-gridComm will release more news in regard to gridComm. It could be news related new sales contract signed by gridComm? If investors are more confident in ODN-gridComm deal in coming weeks and the share price going up to 0.020 or above, the ODN management will announce the consolidation ratio and Notice of Meeting. If the share price could reach 0.020 or above, it means that the consolidation could be 5:1 or less. However, anything could happen oppositely with the worst case scenario that the consolidation ratio could be 10:1 or above. At the current stage, nobody knows what would happen to the share price and this really depends on the market sentiment and investors's confidence in ODN-gridComm. DYOR. Gain or loss is in your hands. Please be smart and cautious. This is not an investment advise.