DNA 0.00% 3.0¢ donaco international limited

Ann: Resignation of CEO, page-15

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  1. 7 Posts.
    Long time reader, first time poster.

    I've been a DNA holder since early 2017 and have been a DNA regretter since I didn't sell mid-2017 at around 30% up...

    The announcement of Arbuckle's resignation makes an ASM break-up of the company seem more likely. I'm hoping they haven't seen the writing on the wall and decided to salvage whatever they can while they can.

    AFR indicated about 22c per share (15c US$): https://www.copyright link/street-talk/hedge-fund-with-thai-billionaire-links-takes-donaco-stake-at-big-price-20190620-p51zp4

    Tempting to try and average down when DNA is available to trade on the ASX again in the hopes of reducing my breakeven point, but still worried about minority holders getting screwed...
 
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