An opportunity to purchase a high quality business at a 60% discount to its tangible book value.
How is it listed but technically unlisted?
The shares trade on the Acquis exchange, but it remains an unlisted private company for tax purposes (like all the other companies on the exchange).
I thought Aquis was a public exchange? Do they allow non-listed companies to offer equity?
It's a grey area. You can find the prospectus from when they joined the exchange and converted the two shares classes they previously had into the single class of shares that trade today.
Cool. I'll check it out
How is it listed but technically unlisted?
The shares trade on the Acquis exchange, but it remains an unlisted private company for tax purposes (like all the other companies on the exchange).
I thought Aquis was a public exchange? Do they allow non-listed companies to offer equity?
It's a grey area. You can find the prospectus from when they joined the exchange and converted the two shares classes they previously had into the single class of shares that trade today.
Cool. I'll check it out