Ann: Response to ASX Query, page-236

From the motley fool...

'Third, and despite rumours that were released to the Wall Street Journal recently, Getswift has not received any takeover offers, although it has appointed a US legal advisor and is in the process of appointing an investment bank to evaluate any potential proposals. Getswift admitted that it has not received any formal proposals to date.

I have been largely ambivalent on Getswift to date, but this last part makes the company look really questionable, in my opinion. The magical ‘takeover bid’ comes straight out of the Quintis Ltd (ASX: QIN) and Surfstitch Group Ltd (ASX: SRF) playbooks – these being two companies that blew up under questionable circumstances, followed immediately by rumours of takeovers.

The ‘takeover bid while the company is suspended’ has all the hallmarks of a struggling business and it is bizarre to think that Getswift management would be keen to sell this supposedly successful company just when things seem to be going right – reporting deals (albeit of unknown value) with Amazon, and so on.

It looks to me as though Getswift is trying too hard to create the image that it is a successful US software company like Atlassian. There are a few warning signs going up and I would be inclined to steer clear of Getswift when it returns to trade.'

GSW copping it from all angles
the AFR, The Australian and now the Motley fool.