I’m shocked this hasn’t gapped up higher or maybe investors...

I’m shocked this hasn’t gapped up higher or maybe investors haven’t quite worked out the equation here.

The fact that it has reached arbitration means that there have been ongoing negotiations that have broken down re ownership.


The above points are the most relevant. There will be a control transaction whereby there are only two outcomes.

If BCC sell I would suggest that the proceeds for their 50% far exceeds the present market cap of this company. Let that just sink in a bit. The 50% could be worth $20-$40m, most of which I would expect to be returned to shareholders. Imagine getting a 30c dividend for a 20c share!!! And I’ve pointed out numerous times that Zoleo is not priced into the SP at all.

The other alternative is that Beam will buy the other 50%. They should be able to get some debt funding but there will be an equity gap. However they’re buying ALL the royalty streams.

Put simply this looks like a win win.