Ann: Completion of Security Purchase Plan, page-11

Interesting to see, HOW SERIOUS we once took all their efforts - me included!!!

After taking a massive investment loss, I sold out at 7.1c, 6.2c and 4.4c. I should really move on, but I find this stock creepily fascinating and keep coming back to see the latest company announcements and comments.

It is now more than 4 months that Modus Partners have been appointed ... and NO update or further announcement yet. What does that say?

I have the following thinking:

1 Businesses with strong metrics rarely get take over offers (their valuation is already really high; so no bargain to be had)
2 Business with somewhat less strong metrics (and perhaps held back by ownership structure) might receive management buy-out offer
3 Businesses going sideways might receive friendly or unfriendly offers
4 Business losing ground (profitability, tech changes, corporate governance etc.) might get new management appointed
5 Businesses that have nothing to show in terms of going concern get no offers
6 Businesses that look like they are running out of money appoint a sales agent to receive and vet possible offers (they can't afford to wait for a suitor)

Just my thinking when analysing how likely an offer for part or all will be made - feel free to have a different opinion.

I believe, if someone is interested, then only in the tangibles (i.e machinery, real estate etc), not in the inventory, software, trademarks, management etc.

So, the potential suitors just wait and wait and wait - until they can have the choice parts for little. ...And this explains why there is no progress report on how the intended sale is going.

AIMOHO