low volume day, page-31

'If exergen think MNM is worth 20c/share then they can make that offer to the MNM board as part of the JV/backdoor listing whether the SP is 10c, 20c or 50c.'

a 50c MNM SP and a 20c offer from exergen? what would be the point?

how many reverse listing t/o offers offering 40% of the market price to the target company have you seen succeed?

on the other hand a 20c t/o offer with the SP at 10c would be seen as salvation by enough MNM holders to trigger the compulsory acquisition rules for those who sensed a fit up.

DYOR