Sometimes I feel that I am in Alice in Wonderland.
The Chinese entity would have offered at least $.50 for the entire company and we could have taken our 100% gain and invested the profits where we wanted. How do I know they would have offered at least $.50 for the entire company? We know they offered $80 million for Zara plus up to $20 million for surrounding land or $100 million in total. If they bought the company outright, they would also be entitled to the $40 million in cash that Chalice will have once they receive the payment. That is $140 million or $.56/share. They would also get Mogoraib for free.
The Chinese would have offered at least $.50/share on a take out if management would have been interested in selling the entire company. They would have been stupid not to (the math says so).
So as a result, shareholders lose and management wins. If you can live with that injustice, good for you. I care about my investments and know when I have been had - shame on me.
stateside
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Last
$1.02 |
Change
0.020(2.00%) |
Mkt cap ! $396.8M |
Open | High | Low | Value | Volume |
$1.00 | $1.05 | 97.5¢ | $2.489M | 2.464M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2907 | $1.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.03 | 3000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2907 | 1.020 |
1 | 21400 | 1.015 |
2 | 19144 | 1.010 |
1 | 18544 | 1.005 |
3 | 2999 | 1.000 |
Price($) | Vol. | No. |
---|---|---|
1.030 | 4863 | 1 |
1.035 | 43544 | 2 |
1.040 | 18544 | 1 |
1.045 | 10000 | 1 |
1.050 | 46400 | 6 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
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