It’s difficult to know exactly how to interpret this report with respect to the KKR acquisition. Reading between the lines it looks like there is some conflict with major share holders about the future of the business.
My preference is either a larger buyer emerges or shareholders reject the offer and we continue to grow the business as listed entity.
This business is still extremely undervalued at 35 mill market cap IMO. Especially considering we are so close to the holy grail of cash flow positive.
Dave..
IHR Price at posting:
10.8¢ Sentiment: Buy Disclosure: Held
