Auckland businessman Nick Gordon had been sitting on the fence for so long that he looked in danger of splinter damage.
Finally, he has confirmed it: the communications company that he majority-owns, Zintel, will press on with a listing on the stock exchange's AX market - due tostart trading on November 14.
Zintel's 50 million shares are valued on the unlisted securities market at $1.05, giving a market capitalisation of $52.5 million.
Gordon, who is managing director, said Zintel would not raise capital when it listed.
"We don't need any cash - we've got a significant amount of cash in the bank."
Zintel sells toll-free phone services and telecommunications equipment.
One of the next issues for the company - along with a special meeting of shareholders and a prospectus - is freeing up enough shares to become a liquid stock.
Gordon said 95 per cent of the company was held by the top 10 shareholders and "they aren't sellers". His own family interests account for a 69 per cent stake, so it seems likely he will need to sell down.
Macquarie New Zealand is sponsoring the company onto the AX.
Founded in 1995, Zintel reported a bottom line profit of $3.25 million for the year to March 31 on revenue of $35 million.
