Having now read the report in it's entirety I know two things for certain;
1. I need to get out more
2. There are some interesting items contained within that report and I highly recommend DOYR.
Most of these items pertain to the fact that IOT intends to De-merge with their Xstream arm of the business later in the year and list that arm under OTT:ASX - a separate entity.
Over half of the document deals with various legalities surrounding this, including providing the Directors the power to issue 'in-specie' shares in OTT to current share holders.
One of the more interesting (dare I say worrying) points was that they plan to issue another 100,000,000 shares within 3 months of the AGM. I should clarify that, they now have the 'power' to do so if the directors deem it necessary.
I would really have liked to be at the AGM, or to hear from someone who was, as I am sure this would add some clarity.
IOT Price at posting:
8.7¢ Sentiment: Hold Disclosure: Held
