Buddy
Of course there would have been a number of discussions, all subject to confidentiality. That is how that works in these cases. I was just pointing out that the 20 cent price was a high-water mark and there was very little trade in excess of that level.
Sometimes an early bid can be a sort of price discovery phase for a takeover (i.e. offer a price, have it go public and see what the shareholders do). I have seen it used very well in the past. In this case its done through a scheme, which i do not like as it is effectively a lower hurdle to acquisition and can be an advantage to the bidder. It also comes with a higher cost for the company as has been noted on here numerous times.
I still think that the 20 cent price is close to the money in terms of value, and I am yet to see anything to convince me that a substantially higher price will be forthcoming. I would be happy to hear some thoughts on where the value can be seen to be way low on this.
Cheers, AL
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5.5¢ |
Change
0.005(10.0%) |
Mkt cap ! $40.70M |
Open | High | Low | Value | Volume |
5.0¢ | 5.5¢ | 5.0¢ | $90.54K | 1.810M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 347403 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 449999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 347403 | 0.050 |
1 | 200000 | 0.049 |
1 | 847077 | 0.048 |
2 | 410000 | 0.047 |
1 | 100000 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 449999 | 1 |
0.058 | 172431 | 1 |
0.059 | 25000 | 1 |
0.060 | 210909 | 3 |
0.062 | 80000 | 1 |
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