why dont they list here like they wanted to back in 2012

Thought Id start a new thread over here

Watched all the noise and action yesterday and didnt understand why everyone was jumping up and down so much so decided to stay away

Have taken a small punt on this retrace below 4c


Was reading back over old announcements and saw KTE had actually planned to merge with Mears back in 2012 and then raise $8m and use the ASX listing as a "stepping stone" for a Nasdaq listing

But this was 2012 and the conditions werent good enough for such a merger back then and reading on into 2013 the deal fell over due to difficult equity market conditions.

Given what we have seen over the last 18 months with the flood of US based tech companies coming here to Aust to list I wonder if something like this could be put back on the table?

Ive only glanced at some of the articles and it seems to suggest that a pure Nasdaq listing was the only goal now but just thought it worth to consider this angle given it was their plan a few years ago is much less hospitable conditions to such a move


http://www.k2energy.com.au/pdf/asx_ann_12/22-10-2012_announcement_merger.pdf

"Mears Technologies Inc. (Mears) and K2 Energy Limited (K2) are pleased to announce that they have reached agreement on merger terms between the companies.
The merger will be implemented by K2 issuing Mears equity holders with 800,000,000 K2 shares for all of the issued capital of Mears including all common stock, warrants and options (subject to adjustment as set out below). The terms agreed are that Mears shareholders are expected to be entitled to approximately 77% of the merged entity and K2 shareholders approximately 23%. The merged entity is intended to be listed on ASX,retaining the listing of K2 under a new name expected to be Mears Technologies Limited, owning 100% of the Solar Technology and 100% of the Mears CMOS technology.
K2 will be seeking the approval of its shareholders to the proposed transaction and will shortly apply to ASX for a determination as to whether ASX will require K2 to meet the requirements of Chapters 1 and 2 of the ASX Listing Rules as though K2 were applying for admission to the official list.

For some time now Mears has indicated its intention to list in Australia on ASX and the merger with K2 enables it to do so in an efficient and cost effective manner.
Mears has a significant shareholder base in Australia and K2 is a major shareholder of Mears Technologies Inc.
The listing on ASX is regarded as a stepping stone to a dual listing on NASDAQ in time"