Would Peter sell out for double the current share price? Triple? It was 8c a few weeks ago, 12c at the start of the year. Or is this is 4c stock that would get a takeover bid at $1? Takeover bid, pfft, now that is laughable. Peter selling out into a takeover bid at 8,12,16,20,24,28,32,36,40,44,48...that is fantasy. His technology is worth billions, but its likelihood of being commercialised is being destroyed in this company.
"Vultures" doesn't refer to buyers on market. I think he clearly stated that there were people circling the IP, as if there were people looking to wait for the company to fail to get the IP cheap. If it depends on my interpretation, I would prefer to imagine actual vultures flying around a computing lab, not just people trying to buy the stock at lower price. Actual vultures would be cool.
Maybe the plan is to raise the money in San Fran and that is why I haven't heard about it. I'll bet San Fran investors love ASX listed tech companies, especially with no revenue and a product that is not ready yet. I guess that's why it listed on the ASX instead of through VC's in the Valley, because they love this stuff so much. I'll bet they love it so much that they'll do a $10m raising above the share price that the CEO sold at, only being 3 times the current share price. I'll bet they love seeing a CEO get issued shares for his tax bill too, and then crushing the share price. And the quality disclosure practices. I'll bet they just foam at the idea of the first two deals not closing, none of the other NDA's coming to fruition and constantly changing sales strategies. And the annual wages bill. That would be their reason for investing, to keep laying it out in directors wages. For sure!
Show me the tech funds or the institutional shareholders that are cornerstoning the company. Perhaps even point out some of these important and visionary shareholders that are still there from the capital raises? All I see is the original vendor (Peter), the guy that did the original deal with Peter (Mitro), the free shares given to directors (Leibeskind, Osseiran and Dinardo), shares issued for corporate advisory and Anil, plus a few of the old Aziana shareholders. Its funny that the employee-share-plan that is holding the balance of the free tax shares that Dinardo got is a Top 20 shareholder! Well, its not funny-funny, more sad-funny in that if you don't laugh you cry.
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