LDX

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3.2¢ lumos diagnostics holdings limited

mind me asking which company that was?just want to do more...

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12/10/24

13:05

Post #: 76092447
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Originally posted by Hawk70: ↑

Having been on the end of a SOA from nowhere - I learnt a lot.

We (retail + a couple of top 20 holders) blocked the first offer, but the 2nd went through. Absolute disaster for all - the SP still sits40% down with no hope in sight. I sold up before that full drop, but still took a loss.

My thoughts are pretty simple - money begets money. If Tenmile & Ryder are told that BARDA are going to commit to a 20,000,000+ unit FebriDx order every 3 months for 5 years, they have a binary choice.

Do nothing and watch the SP rise and their 40% holding gain in value, or strike suddenly with a 8 or 9c offer and buy out the other 60% for a pittance, retain the key staff on a 'golden handcuffs deal' and get the full company growth all to themselves.

They'd get their takeover money back in a year or two probably.

The reality is - there is no blocking vote.

Retail don't have the 25%, and that's the simple truth, so we are completely at their whim.

Tenmile don't have that sort of history - bit then nobody does until they do the first one.

Yes (except for a 3 min phone call) - I asked the takeover question, if you were trying to be cute.

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mind me asking which company that was?

just want to do more research into it

LDX Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.2¢		Change 0.002(6.67%)		Mkt cap ! $23.86M

Open	High	Low	Value	Volume
3.0¢	3.2¢	3.0¢	$62.85K	2.041M

Buyers (Bids)

No.	Vol.	Price($)
3	102662	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	398133	1

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No.	Vol.	Price($)
3	102662	0.030
6	368474	0.029
5	530000	0.028
2	274074	0.027
2	378500	0.026

Price($)	Vol.	No.
0.032	398133	1
0.033	650000	2
0.038	216001	1
0.040	100000	1
0.042	206458	2

Last trade - 16.10pm 15/11/2024 (20 minute delay)

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