1) direct and establihsed sales contacts in China 2) all funding provided - with it based around revenues/profitabilty rather than severe dilution of equity (and even then much of the equity is based around options - so incentivising all parties to make the deals work.... 3) whilst giving away large slices of revenue/profitability it totally de-risks MEO from an equity perspective - the 20% reward of share of revs/profit without the risk of DEBT (heaven forbid) or further equity dilution 4) whilst it would have been nice to have had a complete t/over proporsal as alluded to be earlier posters - this gives secure growth and enables the management to concentrate on finding more deals....
Thumbs up from me....and who knows this now places MEO in the spotlight - so who knows a formal attempted t/over may yet happen.
MEO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
