SEN 0.00% 1.3¢ senetas corporation limited

placement at .55 for 40mil dollars, page-17

  1. 1,533 Posts.
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    sabre..... Galbally and Lunt do not obviously fit in the longer picture of this company and IKL are slowly pushing them out so a new board is put together when the strategic alliance occurs...

    You may say that 55 cents is a premium for them now, but long term it will look very cheap and I believe that IKL are believing they are getting rid of them slowly and cheaply.

    If IKL decides to buy a lot more shares on market it will push the share price to the 60 cent region in the short to medium term and I believe it will get there very soon...

 
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