They will/might find a buyer who will offer them either more or less than what the current share price is and sell the entire 30% to them off market (so for them the share price is irrelevant as it is sold directly to the other party). This way someone who wants to secure a large chunk of the company can do so in one transaction and probably pick up the 2 board seats which could be good for someone considering a later acquisition.
Potential catalyst for rocketing soon, page-440
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Last
$3.23 |
Change
0.150(4.87%) |
Mkt cap ! $1.046B | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.24 | $3.10 | $1.465M | 460.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3105 | $3.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.24 | 1286 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| NXL (ASX) Chart |