Akamal, obviously there is a lot of s/holders who are of a similar mind. Probably fed up to the back teeth by the whole transaction and being ripped-off by our own Board and management.
MTQ closed at just below 70%. Under the terms of the offer they stated that in these circumstance they will carry out a review of operations and finances, leave the Board as is (pity) and maintain the ASX listing. That means around 554 million shares will be available for trade on the market. This % will drop if they increase their holding over the next 7 days.
No doubt the share price will drop after the end of the extended offer period but MTQ know what this business is about, they have held a seat on the Board for some time and they wouldn't be involved if they haven't already done their due diligence and identified synergies so I expect that over time profits will increase as they seek to push dividends out of NMS into MTQ for their own shareholders.
It is obvious they want complete control so they can do their own thing with NMS so who knows where this may end up.
NMS Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
