PCH – 1,200,000,000 shares
Market Cap – $4.8 million AUD
Cash - 1.8 million
CEO – Darren Patterson
PCH shares held as of last change of interest notice - 21,133,390 FPO
Managing Partner, Co-Founder, Fund Manager, Investment Committee Chair and Advisory Committee Member
Darren Patterson was appointed a director on 9 November 2016. Mr Patterson has more than 20 years’ experience working with both start-up and blue-chip technology companies spanning Australia, Europe, the US and Asia. He has extensive experience in the fields of networking, systems integration, IT and telecommunications.
Mr Patterson has been closely involved with a number of start-up companies (either as founder or investor) that have been successfully acquired by larger organisations such as GoPro and Twitter. Mr Patterson is also the General Partner of a Venture Capital firm – Alchemy Ventures.
Darren's international experience has seen him hold senior business development roles with Yahoo, ECI Telecom, Energis Communications / Cable and Wireless PLC and Cisco Systems. He is an investor in technology ventures Abyss Solutions, Persollo, Republic Capital Management, Firstwave Cloud Technology, Lumific and Datasift where he secured investment from US venture funds.
Most recently he was the CEO and Co-Founder of Australia’s only regulated property investment platform, BrickX, and is an executive director of Blaze International (ASX:BLZ). He holds an MBA from the University of Chicago, Booth School of Business and a Bachelor of Computer Science from the University of Technology, Sydney and is a graduate member of the Australian Institute of Directors.
Non- Executive Chairman Recent Appointment 19/02/2018 – Michael Carter
Previous experience - Macquarie Bank, NRMA Insurance Group and Bridges Financial Services / IOOF Holdings. He is currently Non-Executive Chairman at Sequoia Financial Group Limited (ASX: SEQ) and a Director of Qualia Financial Group Pty Ltd.
Directors have recently been BUYING shares on market on numerous occasions up until the end of last year with several change of interest notices being released.
Non-Executive Director – David Nolan
PCH shares held as of last change of interest notice - 47,410,692 FPO
Mr Nolan was appointed to the Board on 10 March 2017. Mr Nolan’s career has spanned 21 years as a commercial lawyer and company director.
Mr Nolan has been a partner at a number of leading Sydney law firms advising Australian and international clients on all aspects of corporate law and was previously a senior adviser at the London Stock Exchange. Mr Nolan’s legal expertise includes mergers and acquisitions, IPOs and capital raisings, venture capital and private equity, restructurings and takeovers, corporate finance, joint ventures, commercial agreements and regulatory and corporate governance advice.
Mr Nolan has advised across a diverse range of industries including retail, property, mining & resources, technology, funds management and financial services. Mr Nolan has valuable relationships in the advisory and regulatory community and brings a depth of transactional and corporate governance expertise.
Definite smoke signals following Friday’s buying frenzy.
Appears to be a very high quality management at the helm of this cashed up shell.
The current tech seems to be ok, management have mentioned incorporating an online auction platform into Live Offer and use of blockchain. Both of these would put a rocket under the SP, and covered in the latest investment presentation.
There could be big things on the horizon very soon for PCH IMO.
