Hi All - mentioned in my previous post I am involved in a backdoor listing of a mobile games app maker Animoca Brands into mineral exploration company Blackfire Minerals (BFE) - ie exactly what is happening here with RGX and ATG. Whilst AB1 and ATG are different industry they are tech based (mobile phones and internet) - I have taken a stake in both AB1 and ATG in the new floats - for those interested AB1 floats on Friday 23rd 10.00am - as the two deals are almost identical ( going from cashless mineral exploration to companies to companies with revenue, customers, profit, positive industries) then the AB1 float may give ATG shareholders an idea of what to expect. AB1 has only $6m revenue with expected $500k loss for FY15. If it does well then there is no reason to expect that ATG won't do well also. I'm told expected PE is 20x and as a comparison Bloomberg have Corporate Travel Management at 50x and Flight Centre 16x. Fingers crossed guys.
RGX Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
