Don't get me wrong, I have the greatest of confidence in Mike & the boys on the board and let's face it - they have made brilliant decisions to get BCI to where it is today but....
In this case, would it not have been better to just float a new company to do all these M&A. All the BCI shareholders know Mike very well and would support him.
So, if a M&A deal came up for 5% of BCI - those that wanted to support the new venture could sell 5% of their BCI shares to fund the new company. By doing it this way, those that wanted to go the M&A route could and those that wanted to leave BCI as it is could as well.
A win-win and at least we would have a choice.
a good deal, page-4
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $879.7M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.0¢ | $221.7K | 751.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 994 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 420271 | 8 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| BCI (ASX) Chart |