Some action at last.
Nyota has nothing. Or is this true? We have a baggage free shell that is dual listed on the ASX and AIM. We also have some massive tax losses. For a takeover company that proposes to be profitable then these losses equate into money redeemed and saved. Then we have our BOD. These points must be truly assessed when calculating the existing Nyota value when our BOD is sitting at the table with our White Knight (or Dark Marauder).
"but the Acquisition, should it proceed, is expected to result in a significant increase in Nyota’s consolidated assets and total equity interests. Details of the financial impact of the Acquisition will be provided to
shareholders in due course as part of the necessary shareholder approval process." I have more than 35M reasons for this to be a WIN WIN situation.
NYO Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
