Ann: Investor Presentation - 3PL merger with Blake eLearning, page-5

Existing shareholder dilution is one (on the face of it) negative.

However the document claims that the proposed 'merger' will be hugely accretive for existing holders, so if this Nirvana occurs, then we'll be better off.

Will the merged company be more of a bureaucracy, stifling innovation/

How low/high are barriers to entry by potential competitors?

Are 3Pl/Blake intellectual property assets adequately protected via patents/copyright, and how good are company defences against hackers/malware/other such 'nasties'?

But in the end, since I lack expertise in this area, one has to more or less take the Directors at their word.

I'd be surprised if the proposal wasn't easily carried.