Ann: Strategic Capital Raising To Raise $15.4 Million, page-39

The mining sector is struggling! Not for Ppk. The mining business continued to pay us the dividend. The market will only want the business if it’s making money and growing other wise you would be better off trade selling it. Brokers won’t float this unless it’s a money maker.
The spin off is about breaking open the value of that and getting Ppk to be 100% BNNT tech orientated.
Once it’s spun off, I assume they may distribute stock to Ppk shareholders. If they do, it’s a chunky bonus that we would not otherwise see. Management are the largest shareholders, so it makes sense for them to get the best value for the assets. A 2c dividend is fine, but the company would be better off with a sale one way or the other.
Now Ppk must feel ready to go it alone and clean up the odds and ends. Good sign.
Funds would also want a clean investment play. It’s now going to be 100% tech.