But it is a reverse vote of sorts. No one is seeing this as being good for CGR and therefore worth anymore than the current SP trading range.
Given it is summer, a cricket analogy: the market has CGR stuck mid-wicket trying to decide to which end to run. I haven't left the crease...this is a hasty and bad deal. It smacks of a deal struck at midnight after a long, long Friday lunch...and we all know how they work out.
Whoever negotiated for CGR needs to refresh on Negotiation 101...specifically the rule about sellers who will accept less, get less. On the other hand, the COG negotiator knew and played another cardinal rule - buyers who start with low offers, do better.
I sought answers to my issues from Steve Shin yesterday - no reply as yet. To be fair, yesterday was a busy day.
Specifically we need more cement around bold motherhood statements like 'cost synergies', 'cross-selling opportunities' etc
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Last
18.0¢ |
Change
-0.035(16.3%) |
Mkt cap ! $53.50M |
Open | High | Low | Value | Volume |
21.5¢ | 21.5¢ | 18.0¢ | $31.53K | 159.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 19745 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 13333 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 11373 | 0.180 |
4 | 104942 | 0.175 |
2 | 113653 | 0.170 |
4 | 464646 | 0.165 |
5 | 425877 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 13333 | 1 |
0.210 | 53384 | 1 |
0.215 | 4339 | 1 |
0.220 | 14631 | 2 |
0.230 | 2217 | 1 |
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