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16/10/24
16:00
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Originally posted by Kaching68:
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There's nothing illegal or improper happening here IMO, it just is what it is Asset Owl didn't work and that's a shame, but there's plenty of great ideas in the tech space that haven't necessarily scaled into a successful ASX-listed business... just look at NUH and CYQ as two relevant Perth examples. AO1 is now worth ASX-listed shell value - once upon a time per-Covid that would have been a bit over a mill, then more like $800K a few years ago, and these days more like $300-500K depending on the industry sector the company was operating in (back door listings are harder to get through now if there's a change of industry sector involved). Recently, the Aerison Engineering shell went begging with no takers. So what's the value of Assetowl?? The business: zero (unfortunately) The listed AO1 shell: maybe $500 on a good day On that basis, the deal to issue 20% equity for $100K looks about bang on the money to me! All IMO, DYOR
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Oh, and OPN as yet another relevant example!