this stock is going to be a big winner IMO, as the founders have invested serious personal money, have attracted some big names and have a view to build a business and sell it within 2 years. These guys want to make money and they know how. As per the listing announcement, you can see they already have quoted companies they are looking at, I then expect a short suspension, pending EGM approval of reverse takeovers, then a rising share price, and further fundraisings, followed by more acquisitions.
I agree the stock should not trade at much more of a premium to cash for now, but I think deals will be done soon.