There are 3 questions we need to answer:
1) what went wrong?
2) is this upheaval good or bad?
3) Does Pudu have sinister motives & can they get away with it?
-------
1) It is clear that there has been disagreement between Pudu & a couple of other major holders with the old board.
The old board was hell bent on pursuing EV charging line & perhaps ignoring others (renewables/solar/wind/telecom/data centres/defence etc)
For some reason all major players in the EV infrastructure are in serious trouble. All lost >90% in the last 3 years......CHPT ,EVGO ,BLNK ,BEEM ,WBX, Tritium ( Tritium lost 98% & may not survive)......I don't claim to know the reason but it is a hard fact.
Compare these with a couple of power conversion companies (both Indian)....#Hind Rectifiers . #Transformers & Rectifiers.....The former is up 500% in the last 3 years , the latter up 1000%.
Perhaps the major holders saw the writing on the wall & wanted more diversification , hence the split.
2) We are of the opinion that this is very bad & the market will likely mark RFT down on relisting......Long term could be favourable.
3) Pudu is not out to wreck its investment....A hostile T/O is on the cards but they have to pay a premium.....The ousted board hold >10 & they can block an unfavourable T/O.
I have seen a couple of Chinese controlled companies that simply vanished & delisted but the major holders were based in China & impossible to reach .....Pudu is an Australian private company (controlled by Chinese nationals) & they will be easy to reach & held accountable.
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $19.34M |
Open | High | Low | Value | Volume |
1.3¢ | 1.4¢ | 1.2¢ | $10.64K | 811.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 42116 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.4¢ | 243607 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 42116 | 0.012 |
6 | 427727 | 0.011 |
3 | 451000 | 0.010 |
7 | 955555 | 0.009 |
10 | 2496832 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 243607 | 3 |
0.016 | 1000000 | 2 |
0.017 | 1051153 | 7 |
0.019 | 876000 | 5 |
0.020 | 132842 | 3 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 14.36pm 03/05/2024 ? |
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