It's interesting to consider how many other companies are vulnerable to these types of practices
i.e. a company building a stake, with its stake being its key asset, then making a takeover with the issue of new scrip, with its key value being the scrip of the target company.....it sounds deliciously simple on paper. If it is not illegal I am surprised it is not tried again and again.
The key is to find a BRM....you need a company with few shares on issue, cash in the bank, and a good asset.
BRM Price at posting:
$5.25 Sentiment: LT Buy Disclosure: Held
