Hi nine lives, 1PG share registry is only thus so because of...

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fooca

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07/01/15

14:17

Post #: 14548636
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Originally posted by nine lives ↑

please help me to believe. I want to believe. I want to find the next 1PG but I am having awful trouble believing that this is it.

1PG has about 68 mill shares on issue but this new venture will have 917,644,780 shares on issue including/assuming performance shares. For the vendor to earn the performance shares ISX will only need to achieve annual revenue of $10 mill....that's not EPS but just revenue. If ISX were able to reach this goal and could also achieve a MC equiv to 1PG then ISX would have a lofty SP of 9c or thereabouts. This does not take into account that they are kicking off with only $4 mill cash so further CRs will be a certainty. It could easily have a billion shares or more on issue before you can say "asx listing".

I am not saying that the product won't be kick ass and that it won't be a robust business but with that many shares on issue before you even get started it is hard to see a real lot of potential upside for shareholders.

I welcome any feedback if you think I am wrong.

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Hi nine lives,
1PG share registry is only thus so because of consolidation done prior to name changing from ITT, I would hazard a guess that ISX will do the same. The current prospectus had the retail purchase plan removed as following the companies road shows here and abroad (predominantly HK) the demand was such that the retail offer never even made it into the prospectus.

Last edited by fooca: 07/01/15

OTE Price at posting: 0.3¢ Sentiment: Buy Disclosure: Not Held
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