Hi Riffici,my understnding was that BRD won't become a listed...

Hi Riffici,

my understnding was that BRD won't become a listed company. BRT will maintain 50% ownership and the venture capitalists will get the other 50%. The rationale I suppose is that that this will diminish the short term R&D expenses drain by 50% and the company will still retain 50% exposure to the longterm upside.

Like you I'm not too keen on further dilution.