STT (Long) Weekend Lounge 2-6 April 2015, page-3

CL8 - Collaborate Corporation Limited (Collaborate or the Company)

(ASX: CL8) is pleased to announce that it has entered into a non-binding and conditional agreement to divest its 43.3% interest in Marketboomer Holdings Pty Ltd (Marketboomer Holdings), which is currently a subsidiary of the Company and owns the Marketboomer business (Proposed Transaction). The Company recently received a non-binding proposal to divest the Marketboomer business and negotiations have successfully concluded with a small consortium of existing Collaborate shareholders (Reducing Shareholders). The Reducing Shareholders offer 80,337,670 fully paid ordinary shares (Shares) and 8,033,764 listed CL8O options (exercisable at $0.02 per share and expiring 30 April 2017) (Options) in Collaborate in consideration for the acquisition of all the fully paid ordinary shares held by Collaborate in Marketboomer Holdings. Based on the closing prices on 1 April 2015, this is equivalent to approximately $1.42 million of consideration and represents a 21.78% interest in the current fully paid ordinary shares of Collaborate.


....Effectively 21% less shares available after the transaction means a "concentration" (opposite to dilution) of shares ... the same effect as having $1.42m added to the Enterprise Value (EV) of the company ...or equivalent to someone paying CL8 $1.42m for the market boomer product.

A good result for all involved on the face of if and a spinoff of Non-core business which was likely a distraction... Likely to trigger buying interest at next open. Also posts on the CL8 thread are suggesting a renewed marketing campaign starting immediately post Easter although I cannot confirm this.

All is IMHO DYOR