Doesn't seem like a particularly good deal for Sandon.
If one buys shares for 3c and manages to get control and wind the company up there seems to be 1c/ share of cash as the pay off. But the directors may have agreed generous break positions with the CEO and staff, the wind up costs might exceed 1c/share.
Are there any other assets of value, franking credits perhaps?
bacci
Ann: Company Update, page-2
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)