LVT seems to be saying that they still have no idea how to...

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    LVT seems to be saying that they still have no idea how to improve the fortunes of the company and would like to continue to throw paint up against the wall and do that in the privacy of being a de-listed company.

    Consider the following
    * KNO is a listed competitor at the low end intranet market. KNO only has marginally better ARR multiple after a recent SP increase.
    * Karl and partner owe $1.3m in legal fees to LVT by 31/12. If like last time they have to sell shares to fund they are going to be further diluted.
    * $2.9m CYCL earn out is 6 months overdue. There must be some kind of dispute as the data needed would have been available in the HY1 accounts.

    I suspect being private will make it easier to resolve these issues, not necessarily in smaller SH's favour.

    Last edited by ValueSearch: 09/08/22
 
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