http://asic.gov.au/for-business/running-a-company/company-shareholders/
If you control 75% stake, you can do hostile takeover as you effectively control the votes for the special resolution.
If fair value is $5.30 (which takes into account the risks and recent losses; and enough cash in the bank), the any takeover should at least be 30% on top of $5.30 which gives $6.90
As we approach profitability; the fair value will increase for sure as more and more positive numbers are calculated into the cashflow.
Only 3 months left will Canada market opens up! It looks like it's on track as big companies are jostling to take out smaller companies via M&A
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3.1¢ |
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Mkt cap ! $14.01M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 3.1¢ | $32.57K | 1.048M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 186267 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 166532 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 186267 | 0.031 |
10 | 1095250 | 0.030 |
7 | 227000 | 0.029 |
3 | 742642 | 0.028 |
5 | 205555 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 166532 | 5 |
0.033 | 517742 | 4 |
0.034 | 83720 | 2 |
0.035 | 110657 | 6 |
0.036 | 145000 | 2 |
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