What a game. My 35k won't be going to that mob.
So there are 3 views to take:
1. The company has a serious upside worth fighting for.
2. This is an attempt to destablise the board.
3. The current board have information in their hands that could be very damaging to the protagonists.
If 1 is the case that is great.
If 2 is the case why would they do it unless 1 or 3 applied
If 3 is the case it is doomed to failure as the board just have to release the results of the forensic audit and they are stuffed.
Bottom line is 10% isn't enough, the board can issue shares the Sigalla way to beat off the motion or deal with QVT to convert some of their notes into shares at preferential rates.
Assuming those taking action are not stupid I can't think the move, although barking, can be anything but positive.
Cumon the board, release some info and lets get this show on the road.
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2.6¢ |
Change
0.005(23.8%) |
Mkt cap ! $6.671M |
Open | High | Low | Value | Volume |
2.1¢ | 2.6¢ | 2.1¢ | $11.24K | 454.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 110679 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 102225 | 0.020 |
1 | 500000 | 0.019 |
4 | 539000 | 0.018 |
1 | 29470 | 0.017 |
1 | 578000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 110679 | 1 |
0.027 | 125000 | 1 |
0.028 | 211025 | 2 |
0.030 | 166667 | 1 |
0.033 | 24575 | 1 |
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