Decision to sell seems at odds with this statement from the Founder's Letter in the Prospectus:
"We believe in building long-term shareholder value by making long-term investment decisions."
Reasons/justification given for sale include that any future raising would dilute shareholders; yet this sale would dilute them out of existence!!
IMHO. a better long-term investment decision to build long term shareholder value, would be to continue to execute on their strategy, given they have just opened up a market that is ~80 times larger than their current vertical; they have first mover advantage and all metrics of the business are moving strongly in their favour?
Hopefully this is blocked.
Ann: Credible Enters Into Merger Agreement with Fox Corporation, page-21
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Last
87.5¢ |
Change
0.025(2.94%) |
Mkt cap ! $100.5M | |||
| Open | High | Low | Value | Volume |
| 87.5¢ | 87.5¢ | 87.5¢ | $3.017K | 3.448K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 85.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 20000 | 1 |
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| Last trade - 11.03am 23/08/2024 (20 minute delay) ? |
| CRD (ASX) Chart |