It does seem that way!! Although I dare say the sellers will have placed a lot of there money into GPB to follow on with their investment. Listing on the ASX is just for the exposure I suspect. Plus now they have money in the bank (invested) and the company looks to be taking off now that it has exposure to the Australian investment community.
Still only tiny market cap. This technology will be HUGE!!!!! IMHO
GPB Price at posting:
$2.90 Sentiment: Buy Disclosure: Held