Not sure, however I was in VEI when they had two takeover bids one came in offering 88c per share, VEI suggested holders do not take the offer and a two weeks later another Chinese crowd offered 1.08. Share price instantly jumped to 1.08.
Probably not 100% accurate but this is what I remember of the situation.
So what I'm getting at is the share price hopefully will match whatever the takeover bid sees the value of the company at.
Ann: Norwood Expands World Phone into Android Handset Market, page-35
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4.9¢ |
Change
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Mkt cap ! $23.20M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 135991 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 284334 | 3 |
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