Just as posters used to say that JT was the reason for the business, because he was raising all the cash, which might have been dilutive, and might have been spent on projects that have not worked out all that well, The company was alive because of what JT did.
NOW, Bookers cash is on the line, and as has been pointed, must be paid back.
This is how Adventure Activism Distressed investing works, he has some equity, he is now the Primary on the debt side, and we have Regal selling every week, and knowing that they must disclose this. The CFO headed for the exits in December.
Yet the SP showed, and did exactly what was predicted, it went up on some positive factor.
Some have stated that the stock is being traded higher, I am not sure how that would be allowed under a Compliance Review, which I feel the company is under, it could not happen on other exchanges, and the new Board Members seem unlikely to put their names on that type of activity..
So Booker is driving the boat. I see that as a strong positive. Why, he put his money, where his neck now is. Which is all that counts....really.
JT bought SSI to keep from being delisted, I still can not understand what happened to that, and the potential. But NET has some local talent and that knowledge must still exist.
China is now the most risky market on the planet. If you believe they try for Taiwan, then overseas China wealth can be confiscated in the same manner as what has happened to Russia.
Russia has the right to claim the Bio Weapons Labs in Ukraine were a legitimate threat.
Formosa is not a threat, but the confiscation of even some of the "Princelings" overseas stash wealth, is problematic for XI.
That makes protecting the Australian Homeland from the coming CYber assault, job one.
There are deals to be made to acquire, and deploy immediately, very compelling products
Call the Ball Booker.
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