Eguana Technologies Inc V.EGT

RE:Estimates

[erikb555]

DH Private Equity, who owns almost 30% of the co., is "winding down". https://www.wsj.com/articles/u-k-firm-dh-to-wind-down-as-richard-hanson-calls-time-on-investing-career-1542983911
 "EGT is a relatively minor holding for DH, but for sure they are not going to sell on a downtick, and what better time to sell than after a 2-300% increase? The transfer to a more focused entity will no doubt be seen as a positive move for Eguana, which is now entering a new phase of growth in an increasingly dynamic sector. Eguana will need more resources in all facets of its business. Around 55% of Eguana is closely held, including DH's 25+% stake, so Richard and the other major stakeholders will be working together closely on evaluating options that will get the most for DH upfront and also best propel Eguana to the next level afterwards. I wouldn't be surprised to see a new 51+% owner (partially- or wholly-owned subsidiary), almost all employees cashed out and given raises and the resources they need to go leaps and bounds in the following period"

Watch out for pizzaman...