DMX 0.00% 1.1¢ dmx corporation limited

I understand that the new investors may want to privatise the...

  1. 392 Posts.
    I understand that the new investors may want to privatise the technology. There are two reasons why the may want to do this.

    1. The technology is never going to amount to much and it would be better to sell it to the highest bidder and take the company in a different direction. Given that there is bugger all cash in the company I doubt this is the case. On the other hand there is no question that the existing management team have been (at best) grossly over-optimistic and have misled some investors.

    2. If they privatise the company offering very little return to the current shareholders then the question is whether they will sell the technology to their mates who will then make the killing. The existing investors would get a small return on their holding while those who purchase the technology could get very wealthy. Of course this assumes that the technology is close to reaching successful commercialisation.




    While I think the current management has misled many of us my vote will be to stick with Jon. I've lost a six figure sum on this company already much of which can never be recouped as it was on options that ended up expiring valueless.


 
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Currently unlisted public company.

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