The Proposal, page-2

I see this as basically a variation on a standard backdoor listing. Instead of buying a shell, Mpire (or their advisers) may be spruiking their wares around the traps looking for a good fit. The LTX route failed but FOT appear better connected.

IT companies can attract substantially higher PE's than miners and this way is cheaper and easier for Mpire with the bonus of a connected, experienced board already in place. I would expect them to divest there mining assets at some stage.

If this goes ahead, the peeps involved are not doing it just for fun.