How Aveo plays out

1. Despite signaling that the board and management want to see a realisation in shareholder value, this signaling will amount to nothing more than that (if the board and management wanted to support the share price, why have they taken repeated actions which potentially harm minorities for a number of years now)

2. Despite the lip service of change, nothing will change and the shareholders will continue to be frustrated with the lack of share price performance

3. The share price will eventually fall to such a discount to fair value (likely > 50% discount to NTA) that Mulpha uses their blocking stake to launch a low ball offer for the company to privatise the business (and ultimately see the rewards solely accrue to themselves)

If anyone disagrees with these statements, show me a SINGLE Malaysian/Chinese family office that has ever paid a premium to privatise a company they own a significant holding of. With Mulpha's ownership stake no one else can buy the business and when there is only one buyer for an asset it is obvious that buyer does not need to pay market prices.