I spoke with Collins Street a couple of days ago. Of course not much can be said officially.
CS said that some believe the price should be between $0.30 and $1.0. As well they believe they have multiple levers to increase the SP.
I interpreted it that trough drinkers are not aligned with shareholders, and that having too much cash on the books and carte blanch performance shares aligns with trough drinking.
Ann: Change in substantial holding - Nero and Collins St, page-62
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14.5¢ |
Change
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Mkt cap ! $259.4M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1647050 | 14.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 408931 | 6 |
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