For a hostile bid the acquirer would have to buy enough shares to have a controlling interest in the company, so do you really think the share price would be 3.9 cents if this happened?
Why do you think Shandong are doing it this way. They get half the company for a much, much lower price, than a hostile take over.....
a distinct possibility, page-3
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Last
13.5¢ |
Change
0.010(8.00%) |
Mkt cap ! $38.68M | |||
| Open | High | Low | Value | Volume |
| 13.3¢ | 13.5¢ | 13.0¢ | $1.169K | 8.898K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 222192 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
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| Last trade - 15.57pm 29/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |