I think a deal could be mutually beneficial.
Seems to me that a fair few shareholders were moreorless begging for AC8 to go do something and CP1 might just be on the verge of generating substantive turnover with their products appearing a bit more market primed than AC8's.
Although the terms of the transaction remain unclear, AC8 was never going to be able to acquire a company which is already making meaningful profit given its cash position, and you should bear in mind the volumes of cash people spend on their pets. CP1 of course, could probably do with a bit of cash assistance, but as we all know, AC8's runway is shortening ever so quickly
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I think a deal could be mutually beneficial. Seems to me that a...
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