I was in a similar situation recently. A RTO deal fell thru due to red tape. That left the company against the wall. A so called white Knight came in wanting the world. The shareholders voted against it. That put the company in an even worse spot. The white knight stepped up again demanding 10 times the first offer (it was the only deal in town). Fortunately redtape prevented that deal. the company was voluntary delisted from ASX and involuntarily delisted from AIM. By a stroke of good luck it might get back on its feet. If the share holders let it.
The quickest way to get your losses is to let it live. I have 10000 shares. I will participate in the CR and then sell the 10000 for my losses.
a little glimmer, page-6
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Last
56.0¢ |
Change
-0.015(2.61%) |
Mkt cap ! $193.1M | |||
| Open | High | Low | Value | Volume |
| 59.0¢ | 59.0¢ | 56.0¢ | $54.79K | 95.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24359 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.0¢ | 6500 | 1 |
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| QGL (ASX) Chart |