whether it is good or bad news depends on the price.
with a 3c share price the company is only valued at $6m, on very very low volume. it does not take much volume to send the share price down or up.
Therefore, if someone wants an interest it does not necesarily mean they will always get it to a discount to the last share price.
A1 however is not in a great bargining position but it may still be valued to be worth more than the current $6m market cap.
Personally i don't mind someone taking out 51% or more of the company if it means it is for a price greater than the current 3c, also this would get rid of the debt overhang and possibly an investor that may shake up the current strategy of the company and depending on who it is we may get some economies of scale going. Hopefully it is not a silient investor meaning we will be stuck with just the current management.
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