As announced today Peters Investments has increased its...

As announced today Peters Investments has increased its shareholding from 24.705% to 25.708% (214,750,000 shares)

As per my post, dated 29 March 2024:

The top twenty shareholders now own approximately 70% ofthe shares and they are not trading those shares. Recently some significantshareholders have increased their holdings. Most current trading is by daytraders. Many Optiscan staff also own shares.

I further noted:

The share price will achieve $1 and a lot more, subjectto the possibility of a company buy-out before then.

Entitlement to compulsory acquisition occurs wherea person owns 90% or more of a company's shares. They then can compulsorily acquire the remainder.

The question also arises how many of the highest shareholders own 90% of Optiscan?

Optiscan’s market capitalisation is currently approximately $87.7M which is ridiculously low.

As previously stated,

the market forOptiscan’s technology over the next five years is over $10+ Billion.

Accordingly, a collaboration or buyout is a possibility. This is not unprecedented for significant Australian inventions and technologies. It is been reported for the first 6 months of 2023, International corporate buyers completed approximately $65 billion in such deals. North American companies represented 77% of this. Included in the 77% was relevantly healthcare.

• Digital Pathology is a revolution in healthcare.
• Artificial Intelligence is a revolution in technology.
• Reliable and secure telepathology is now a reality.

Spritzer has never questioned this.

Optiscan is in this space.

Submission of Optiscan’s InVivage’s application for De Novo FDA approval is around the corner. There is no predicatedevice.

Shareholding thresholds

For those who are a bit rusty.

ASX-listed Australian company per the Corporations Act 2001– Shareholder thresholds

≥5% (obligation to file substantial holding notice),

>10% (ability to block compulsory acquisition),

>20% (takeovers threshold),

>25% (ability to block scheme of arrangement and special resolution),

>50% (ability to pass ordinary resolution),

≥75% (ability to pass special resolution) and

≥90% (entitlement to compulsory acquisition).

Exciting times. A revolution in health care has started.