Reversus plc - the next OND ?

A strange fish, Reversus plc is an AIM quoted company. Formerly known as TransEDA, it now exists as a cash shell, with a low market cap and a history of capital losses from its former day's as a gung-ho acquisitor of over-inflated market value technology based businesses.

The company recently transformed itself into an opportunity for any growing and profitable business to benefit from a listing by reversing into Reversus plc. Such a business would, in theory, be able to defer its tax liabilities, thereby generating more cash for expansion, as well as benefiting from an AIM listing for capital raising. This is the 'potential value' factor in Reversus plc.

The company currently has cash of £700k after its latest disposal. Market cap is about £700k, share price 1p and you can currently buy at 1.05p. Capital losses appear to be about £5M (similarish to Overnet Data).

I've no exciting graphs or share price moves to show but perhaps that's all in the future, who knows ? If we are truly on an upturn in the economic cycle these will be worth a punt in my opinion, downside is covered by cash.

One for the dare-devils.

Good luck to all who sail in her !