I can only assume it's a positive. It sounds as though the brand owner made a killing off the party who paid $40m without undertaking sufficient due diligence.
I think ANO highlighted this deal in the presentation to give a hint of the value of the active ingredient ANO developed and owns outright...
And to put $40m in perspective, even after the recent share price gains ANO's market capitalisation is just $43m.
Ann: ANO Investor Presentation 2018, page-14
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72.0¢ |
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Mkt cap ! $44.96M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 282 | 73.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.0¢ | 200 | 1 |
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