Or.. may be they don't remember EXM.
Gridcomm- While I truly believe in the potential, after such a long wait it's ok to be cynical I think. ODN will be 3m mc at 1c. Most shells trade wround 3m and some are over 6m. So as holders our shares do not get consolidated.
If ODN acquires a good resource project, stock will open above 1c and it'll be easy to raise capital as well.
Tech is not doing well. Mining looks bullish.
IPO/RTO valuation- Look at 5gn. Positive cash flow on listing. Listed at almost cash backing. They believed their product and management aims to profit from company growth, not from inflated valuation/free shares.
There are other good RTOs that listed with 50% of the register still owned by old shareholders.
Not asking for that much. But everything will be easy if they are less greedy.
My understanding is it's mainly Alex. B standing in the way. He holds 25m shares.
If I was Alex I'd be firm with gridcomm, if gridcomm is not going to grow fast.
For him it's retirement age. He left EXM. For him the best thing to do IMO(if he doesn't consider gridcomm as a successful growth company) is to find a good brownfield project and pass the baton. He can sell at a handsome if the drills aren't good. Hold on to the shares if exploration is successful. How easy is that.
Certainly better than consolidation, RTO raise at 40% discount and then hope that gridcomm delivers.
My 2cs
ODN Price at posting:
0.0¢ Sentiment: None Disclosure: Held