Ann: DMX: Bidder's Statement , page-2

What is DMX doing? The Chairman's introduction only tries to discredit current COT directors, but does not explain what is DMX's strategy, why is DMX any better... Oh here it is, on page 33!

If DMX Corporation achieves operational control of COT, it is intended to run the business along similar lines as DMX Corporation itself. That is, as an investment company making both portfolio and strategic investments, in which capacity COT would become the largest and most important asset of DMX Corporation. Due to the small size of COT, DMX Corporation would seek to increase the size of the business by way of capital raisings such as rights issues, placements, share purchase plans and underwritten dividend reinvestment plans.

So, dilution of COT shareholders to build COT. Why not just build DMX?