GREY:EORBF - Post by User
Comment by
MoneyCristoon Apr 02, 2016 6:39pm
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Post# 24724274
RE:RE:RE:RE:RE:They don't care
RE:RE:RE:RE:RE:They don't care
Hi clubhouse, no I think you are right at least partially, Banlan being a private company in china, peak being an IT shell, the match is perfect. Now ''Banlan'' or some of it will virtually be listed in north america through the owning of peak, part of Banlan revenues will be transfered to peak in exchange for that... so yeah this is the deal ownership in exchange of revenues and listing. This is what these deal are all about; transfert of ownership to avoid IPO amongst other things. So having Banlan owning peak is just one side of the equation... the other side is revenue transfer.
Peak without Banlan doesn't worth much imo, that is why I say people might want to be sure money is transfered before buying... Plus you have 58% or so of the shares held by insiders (Banlan and peak insider).
BTW the Banlan CEO will be in mtl the 11th of april to present before financier and institutional investors.
I'm in waiting mode on this pkk to see if I buy more, but i feel the febrillity, will see... it might end up being a total failure as it is often the case, but it is at the crossroad now, so you might want to keep that one up on the checklist for the next days.