"The fact that two investors have decided that there is some benefit in buying up a company that appears to have nothing other than a small income stream is interesting. Sure its not a lot of money, but interesting."
I'd hardly call 7-8mil a small income stream when the MC of the whole company was less than 20mil, with 10mil cash. Gain enough control and the cash burn should become no more than 1-2 million pa. So it's hardly a surprise the vultures have arrived.
Just need to announce some positive pr spin on HA/VAST, or some potential "big pharma deal" and then the rampers can join in too. .
ACL Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held