Post by
jethro549 on Sep 02, 2023 9:14am
Very interesting amalgamation...
I can't speak for others but I personally love the direction SHFT is taking. Splitting off the Iot side is smart on many fronts.
1. It helps shareholders gain exposure and value
2. It combines all subsidiaries into one making accounting and the filing of Financials less ominous.
3. It opens doors to many new partnerships and deal within the smart city infrastructure
Moving shiftcarbon into Wishland is also smart because that business will boom and shareholders will receive 1 to 1 stake in that business from a potential dividend perspective. The company can grow and be later taken public though SPAC or it can be sold and all shareholders will profit from that.
The acquisition of Zero Carbon Technologies is also very strategic and well planned. The need for battery recycling is growing daily and the facility they are building in Spain with a 75 000 ton expected (after 5 years) capacity will be a flourishing business amid 4 giga factories. Tesla, BMW, Mercedes and Volkswagen--the four leading EV producers. Funding should be easy enough with thier already being a large amount of interest from China. Debt can also be taken on to fund with off take agreements that alleviate interest rates.
Many ways that shareholders can win here IMO.
Now let's get shft trading again.
GLTA