I'll be interested in any insights you can share from any response. It's a strange situation where from our perspective as shareholders, it would be great if the $10.7 million could be use to reduce management's share of Findi sharply and increase our share sharply, recalling that $10.5 million in 2022 acquired a 75% stake of Findi/TSI at the time. But recently we had Piramal pay $37.1 million to acquire the (right) to a 16.7% share of Findi in 3 years if it gets to IPO.
So you could imagine from management and Piramal's perspective that it would be unfair if ASX shareholders ccould invest on much better terms a few months on from what Piramal did. And if we can/could/have/will sharply increase our ownership stake, then today the share price should have really rocketed. I'm not saying it's not possible that we can/have sharply incresed our ownership stake, but you would think management and Piramal would have foreseen this situation when stipulating on what terms we as shareholders could increase our stake.
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- Ann: Conversion of Options raises $10.7 million
I'll be interested in any insights you can share from any...
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Last
$2.82 |
Change
-0.220(7.24%) |
Mkt cap ! $137.6M |
Open | High | Low | Value | Volume |
$3.15 | $3.15 | $2.81 | $615.5K | 211.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 25791 | $2.82 |
Sellers (Offers)
Price($) | Vol. | No. |
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$2.87 | 444 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25791 | 2.820 |
2 | 11000 | 2.810 |
4 | 12640 | 2.800 |
1 | 200 | 2.750 |
1 | 5000 | 2.730 |
Price($) | Vol. | No. |
---|---|---|
2.870 | 444 | 1 |
2.890 | 3340 | 1 |
3.030 | 6000 | 1 |
3.070 | 16200 | 1 |
3.080 | 24140 | 2 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$2.82 |
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Change
-0.220 ( 8.18 %) |
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Open | High | Low | Volume | ||
$3.06 | $3.06 | $2.81 | 20377 | ||
Last updated 15.59pm 10/05/2024 ? |
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