Hi guys and gals! I am yet to be a holder of Updater but i will look to purchase tomorrow upon hearing this great news. Updater is looking to de-list and become a private company in the US. This is why this is good for holders.
1 . Higher valuation in the US as was said in the call today. The ASX undervalues these kinds of companies versus the american financial markets. The private investors will look to finance the new accelerated plan at HIGHER valuations. Read between the lines guys + gals.
2. Same level of control if people vote well in the future. Basically once private, every single thing has to be voted on including further funding from VCs and buy backs. It is not possible (like some people have said) for the VCs to dilute the original investors out of ownership. This would only happen if the current investors vote (and approve) upon consistent placements/financing rounds and do not participate in them. Basically the shareholders still control everything that happens when the company is private.
3. Financing will allow the accelerated expansion plan an 10+ verticals within 2 years. This could be 100's of millions in revenue and would see complete domination in the relo-tech space by UPD. This financing is much easier with these US VCs and will come at higher valuations with less dilution.
4 This is the path to eventual Nasdaq listing which could see the company valued at 5x or more what is now IMO. This assumes the business does well and keeps adding verticals and gaining more revenues,
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