And, TBH, it wouldn't surprise me if this was the case! I hope they got "Mates Rates" also!
Noetic Synergy stand to gain a lot of good publicity from getting exposure to the Australian market IMO. Imagine Noetic's reputation of they can deliver something great in Australia...
I don't believe we have similar concerns with "Back Door Listing" that we had with Soarlabs.... as the agreement with Noetic was milestone payment based (not 49% Ownership of BPPL like Soarlabs).
If Noetic deliver the Exchange, BPPL own 100% (Assuming Soarlabs don't hold 49% anymore, simply because they did not deliver the exchange/ fulfill their side of the deal)... then, IMO, BPG keep 100% of the profits from the exchange once running (excluding Opex costs obviously).
Cheers
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