Gentlemen
I am in a positive frame of mind, and the fact that the AGM is being held plus Prosser could receive his 12.5m ACU shares as a positive thing. Interesting to see if these would be subject to Escrow?? Prosser has been a big financial contributor to ACU and was the $4m investor in ACU prior to the PCL takeover. This allocation was considered in the BIA and the subsequent documentation so it is historic not an indicator of new debt conversion. Prosser is also and investor in MYQ at a price IMO sub $0.03 so I cannot see Vlado walking away from his biggest investor. The model for ACU will work so long as the company can get access to the Capital markets. Lottery betting for Australia now has bolted away from ACU and they were the first to the Barrier. I am keen to see what is next in their product portfolio. Maybe this would be a good announcement to rekindle some hope for shareholders.
ACU Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
