I suspect that this could be the scenario. The pioneers are reaching the age they want to get some security and this must be a large asset. The ahare price was depressed at around 55c. This deal would allow them to get that out by way of mostly a dividend and probably a return of capital. The previous CEO has left. The casting one is an ex CFO. Management want to keep more funds to do trials and maximise the future opportunities with iTrack and 2RT. The pioneers want most of the cash. Management resign the principal pioneer takes back the helm and will execute what he wants.
My reading, the cash is going to be paid out and the remaining business will be cash constrained. Makes it an interesting proposition if ypu want CGT losses andfully franked dividend. What price the share after all of this? Will be watching see if I can make money here...
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I suspect that this could be the scenario. The pioneers are...
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $49.19M |
Open | High | Low | Value | Volume |
22.0¢ | 22.5¢ | 21.5¢ | $130.0K | 589.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 506631 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 9070 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 497329 | 0.215 |
5 | 149761 | 0.210 |
2 | 29540 | 0.205 |
11 | 131320 | 0.200 |
2 | 8000 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.230 | 67523 | 3 |
0.235 | 15000 | 1 |
0.240 | 28253 | 1 |
0.245 | 26000 | 2 |
0.250 | 99617 | 3 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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