Martin Jetpack

[minimoke]

Not too late to get in. IPO extended to 19 January with a 20% discount. Shares now just $0.40 '- a boxing day sale come early.

Looks like robbo is right - $21m coming into the offer from KsL.

Looks like they are the white Knight with not much other interest. New offer is for $27m in shares. So they didn't get to the $10m threshold witout ksl.

I guess they need to keep the offer open to try and drive some liquidity into the maret.

[robbo24]

Not too late to get in. IPO extended to 19 January with a 20% discount. Shares now just $0.40 '- a boxing day sale come early.

Looks like robbo is right - $21m coming into the offer from KsL.

Looks like they are the white Knight with not much other interest. New offer is for $27m in shares. So they didn't get to the $10m threshold witout ksl.

I guess they need to keep the offer open to try and drive some liquidity into the maret.

Where did you dig this information up from? Links, my man.

[BFG]

http://www.stuff.co.nz/business/indu...ack-shareprice

[robbo24]

Where did you dig this information up from? Links, my man.

Nevermind, my bad: http://www.asx.com.au/asxpdf/2014121...df5l67wrwt.pdf

Should have read this sooner

[minimoke]

No mention in new supplementary prospectus of the $37.5m buy back by MJP of HKCo

KSl apparently has a nickname "alien tech". Noice!

Edit.oops. my bad. There it is under the bit about mjp paying $2m into the joint venture company.

So the $21m now looks like $19m - still not as bad payday

[robbo24]

Nevermind, my bad: http://www.asx.com.au/asxpdf/2014121...df5l67wrwt.pdf

Should have read this sooner

Clause 1.4 of this is interesting

[robbo24]

Clause 1.4 of this is interesting

As is cls 1.5, 1.6, 1.7, 1.8, 1.9, 1.10 and 1.11 are also very interesting.

It's good to see some of my conclusions were correct - but could have saved myself a lot of effort by reading this a lot sooner

[robbo24]

No mention in new supplementary prospectus of the $37.5m buy back by MJP of HKCo

KSl apparently has a nickname "alien tech". Noice!

Clause 1.5, man. It's still there

[minimoke]

Looks like they are the white Knight with not much other interest. New offer is for $27m in shares. So they didn't get to the $10m threshold witout ksl.

Possibly also worth pointing out that if the KSL transaction doesn't go ahead the IPO will not proceed at which point I think we can say it is goodye to MJP.

So nervous times for existing holders. They will be looking closely at any potential insolvency event. At june 2014 they had $700k in cash and $500k in current liabilities. They have incurred costs between july 2014 and January 2015 with no apparent income. IPO costs have just gone up but offset by a $1m loan from KSL.

[minimoke]

Clause 1.5, man. It's still there

spied it. My word this is a weighty document. The listing gets more complex the longer it goes on. And still no word from/about Avwatch.

Any Idea Why MJP want access to KSL's advanced materials? I thought this thing was ready to fly without more trials on some unknown alien technology.