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As they have been selling since November the Board would have...

  1. georges
    52 Posts.
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    12/01/18
    10:46
    Post #: 30250391
    As they have been selling since November the Board would have known they wanted to exit. Why would the Board not arrange a major buyer (Lepu comes to mind) to acquire their shares. The Board could have placed 10% with Lepu and had Lepu acquire their 5% stake. Its not like we were desperate to get $29m in the bank. The Board continues to show no strategic skills
    VLA Price at posting: 73.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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