Purely hypothesising here, however if G/F need a 25 mill swing (possibly 20 mill odd more depending on lenders sympathies).... at 2c - 2.5c they could possibly buy votes required for $500 - $1mill to take majority.
Unlikely to find that kind of volume without pushing up share price significantly (and indications are they are getting out), but possible and worth considering?
Ann: Update on Loan , page-31
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $56.45M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.3¢ | 13.5¢ | $2.04K | 14.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 37344 | 3 |
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| Last trade - 15.35pm 23/07/2024 (20 minute delay) ? |
| VMT (ASX) Chart |