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Ann: Trading Halt, page-98

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Broma

104 Posts.

7

14/08/23

20:03

Post #: 69333370
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Originally posted by tina25: ↑

Yes, with a market cap of just over $40 mil, you would expect a 20% to 60% gain on a good deal that at least allows shareholders to participate in the benefits to be carved up. Unfortunately, it would really need to compensate shareholders for any delisting into merged or private equity hands. A merged solution is the likely scenario where shareholders may have an interest in a different entity that trades.

It's unlikely to be used as a shell for a bigger entity wanting to be on the ASX.

Broma, the board have telegraphed a deal on the table that requires shareholders to vote yes in the upcoming meeting. Interesting that they want this as a precursor to completing a solution of survival that may end up with a delisting. It could be much worse if the board did nothing.

By the way, hello to Vamos, who I have never met.

Watch this Space.

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Thanks for your response and thoughts. Interesting times indeed. It's been a train wreck for so long it's a relief to be coming to some kind of conclusion.

SPT Price at posting: 7.6¢ Sentiment: Hold Disclosure: Held
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