Fishing and Beer, I do have contact with others.
Interestingly it is half and half for the deal, with the yes vote perplexed with the share price. I haven't really discussed BOD or management until recently.
My biggest concern has been those who were not shareholders that liked the deal originally that I spoke to have still not bought the stock. They tell me they are waiting for sentiment to change.
In my opinion the board has structured a deal that is not getting traction with new investors and has disenfranchised a lot of existing share holders.In my opinion on paper the deal looks reasonable(there are always alternatives though) but the sale process has been poorly executed.
In my opinion I find that when you refresh management and the BOD you can bring a new set of skills, investors, outlook etc if it is done correctly. It doesn't matter if it is a small cap, mid cap or large cap.
In my opinion with the share price trading at 3.6cps says to me it is time to try a change before we sell 51% of the company and see what a new line up can produce for shareholders.
In my opinion if this can't be achieved I will be voting yes to the deal and will put my faith in Shandong.
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Mkt cap ! $42.98M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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7 | 148847 | 14.0¢ |
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Price($) | Vol. | No. |
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15.0¢ | 30000 | 1 |
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3 | 104622 | 0.135 |
4 | 97732 | 0.130 |
3 | 35576 | 0.125 |
3 | 95333 | 0.120 |
Price($) | Vol. | No. |
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0.150 | 30000 | 1 |
0.155 | 12500 | 2 |
0.160 | 7300 | 1 |
0.165 | 59753 | 5 |
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