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vincenski

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12/10/24

11:17

Post #: 76091668
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Originally posted by Hawk70: ↑

Having been on the end of a SOA from nowhere - I learnt a lot.

We (retail + a couple of top 20 holders) blocked the first offer, but the 2nd went through. Absolute disaster for all - the SP still sits40% down with no hope in sight. I sold up before that full drop, but still took a loss.

My thoughts are pretty simple - money begets money. If Tenmile & Ryder are told that BARDA are going to commit to a 20,000,000+ unit FebriDx order every 3 months for 5 years, they have a binary choice.

Do nothing and watch the SP rise and their 40% holding gain in value, or strike suddenly with a 8 or 9c offer and buy out the other 60% for a pittance, retain the key staff on a 'golden handcuffs deal' and get the full company growth all to themselves.

They'd get their takeover money back in a year or two probably.

The reality is - there is no blocking vote.

Retail don't have the 25%, and that's the simple truth, so we are completely at their whim.

Tenmile don't have that sort of history - bit then nobody does until they do the first one.

Yes (except for a 3 min phone call) - I asked the takeover question, if you were trying to be cute.

Expand

Good on ya for asking then... I still believe no T/O will not eventuate before they are proving their ability to raise revenue ... Barda being a nice piece of the puzzle to achieve that.

I guess if you can't take out of your mind the idea that it will be buy cheap and anytime soon.. just sit on your share and wait for it to happen. As you said, we will not be able to do much if that scenario eventuate.

LDX Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.6¢		Change 0.001(2.22%)		Mkt cap ! $34.30M

Open	High	Low	Value	Volume
4.5¢	4.7¢	4.3¢	$160.1K	3.540M

Buyers (Bids)

No.	Vol.	Price($)
1	90569	4.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.6¢	55415	1

View Market Depth

No.	Vol.	Price($)
1	90569	0.045
3	212727	0.044
4	360340	0.043
5	740001	0.042
4	717770	0.041

Price($)	Vol.	No.
0.046	55415	1
0.047	704413	2
0.048	73809	2
0.049	270000	2
0.050	699561	5

Last trade - 16.10pm 11/10/2024 (20 minute delay)

LDX (ASX) Chart

Ann: Change in substantial holding, page-12

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Ann: Change in substantial holding, page-12

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