Not necessarily. As an US-based activist manager with a cost basis in $0.60's, it it understandable he doesn't want to be on the board of an ASX small cap if no sale is imminent. He's done his activist thing and achieved a positive business outcome and a 50% return in under a year. He may just want to put his time/energies into other opportunities.
ALTO FOX our largest holder, page-12
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Last
71.0¢ |
Change
-0.005(0.70%) |
Mkt cap ! $266.3M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 73.0¢ | 69.8¢ | $511.4K | 724.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1860 | 70.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 71.5¢ | 14996 | 1 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| EML (ASX) Chart |