Be wary of the poultry labels lest the label applies to yourself...

Be wary of the poultry labels lest the label applies to yourself due to ignorance.

You don't need to be listed on a bourse to sell a company.

I personally know of a company in Tasmania where the owner(s) are seeking private equity from the Middle East to increase production at one of their mines. Not listed on a stock exchange. Privately owned by a group of investors.

Likewise, the company I currently work for was privately owned by the employees in a Principal and Associate structure. It was bought out a couple of years ago by a listed company.

If CB ends up ploughing more money into the company as loans, at this share price he will end up with a majority holding when they are converted. A $3 million loan is 10% of the company value. A couple more of those and he's up to 50-60% of the company value, including shares he already holds.

The sharemarket is just a means of accessing capital and creating liquidity for the providers of that capital. There are plenty of other ways of accessing capital. If being listed no longer suits the business because the market is ignoring it, why participate? Being listed creates a lot of admin and reporting obligations (read. costs) that being privately owned does not.