I sense this looks a bit like a revers takeover, the GTC insiders end up with 38% of the number of shares on issue post the completion of the transaction. Reading the blurb, they have a call centre of lawyers and operate in a broader field (AFL may have been too narrowly focussed in Family Law - how many divorces do people have in their lifetime? !!). Also it looks like their are embracing the model used by Kelly Partners KPG to incentivise lawyers. GTC insiders get a publicly listed vehicle for liquidity of their business inlets without the cumbersome Legal Partnership model for valuing and butying into with each partnership change. Any thoughts from others on this? What it seems to do for existing AFL shareholders (apart from the initial step up in financial performance) is a wider, diverse and maybe much more dynamic and profitable business. Also the two approaches to marketing and lead generation will be interesting to understand. And finally, into the future, how will the Board of AFL look after the completion of the deal? It should also make the shares more attractive to the broader share market fell, Mr. Market. Much more to emerge, particularly with there being an Experts Report. Any other thoughts from AFL HC posters and existing shareholders?
AFL Price at posting:
22.0¢ Sentiment: None Disclosure: Held
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