I don't see why. The company has another $2m ($3m minus costs) and sits exactly where it did pre-deal.
Don't forget there were a number of bidders. I suspect it will be a similar price but for 100%.
Perhaps some panic selling
Ann: Trading Halt, page-10
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Last
38.0¢ |
Change
-0.005(1.30%) |
Mkt cap ! $47.24M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.8¢ | 38.0¢ | $31.66K | 82.51K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 65999 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 153933 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| SEQ (ASX) Chart |