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15:45
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Originally posted by madamswer:
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"The company knocked back stakes offer at 17.5c/share, so what would he/they be willing to take? I am guessing it would have to be north of 20c before they would come to the table, it just comes down to if he is willing to suffer a (small) loss to get his cash off the table, or, after the 4+ years that he has been invested that he would want to walk away with some profit to show for the near $9m invested so far. But north of 20c is a tough ask given you could recently buy at 13/13.5c!" * ] is up for grabs, I reckon), an acquirer could pay as much 30c per share and still make it look reasonable. * ] Why a puny little business like this needs to spend ~$15m pa to conduct itself at steady state operating condition is beyond me. Senior executives aren't egregiously remunerated - ~$1m in total for directors and CEO + CFO - so, what most of the remaining $14m of CoDB represents I can't fathom.
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which 'other entity' do you suggest is going to buy it and why would another entity do better?
