If I were to go to the AGM I would be asking how their legacy business is going? Plenty of new partnerships that take time to gain traction? But partnerships are easy to setup but often difficult to make good money from. Very little growth across the board.
This company was IPOed on the notion of serious growth and their cupboard of IP. Now they are going to become a service provider/ consulting house. Which warrants a re rate from a PE perspective. Typically costs go up with these styles of business, moving from a technology platform to a people platform.
I’d also be asking why ASTA looks so cheap? Is it a reverse takeover of sorts?
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