Your first paragraph makes no sense. The YOW board’s fees are irrelevant for a sale - they would get pro forma’d out in any valuation discussions. These fees disappear if YOW is absorbed into another business. The board is taking reduced fees to maximise profitability to utilise the deferred tax assets and franking credits IMO.
Also, I’m not ramping - I’ve been here a while and my narrative has been consistent. YOW has US$8m / A$10m+ cash and is making money. So right now when you buy YOW your investment is fully cash backed, meaning you get the business for free. Again, I fail to see the downside here.
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1.4¢ |
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Mkt cap ! $3.211M | |||
| Open | High | Low | Value | Volume |
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| YOW (ASX) Chart |
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