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Well, to speculate on a quiet day....
...they will do the usual back-door listing ploy... raise capital from a number of soph investors, give a mix of shares and cash to the sellers and, after leaving existing holders with less than 5% of the equity, will give them the opportunity to participate in a 1:1 rights issue.
After that, they will probably pay double digit interest on the loan for a while before converting it to equity at a substantial discount.
Only well after all that, when they have had time to file a couple of rounds of accounts, will any of us actually want to vaguely consider buying the shares. But it could be interesting to watch.
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