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10.0%

2.7¢ uscom limited

Alternatively the bear case is that the company is doomed and...

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niloony

1,857 Posts.

24

08/05/23

10:12

Post #: 67653139
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Originally posted by niloony: ↑

Well this is both unexpected and kind of expected. I might take it up partially for tax reasons... But presumably the next tranche will be at a higher price even if they burn through the company's cash. From memory they'll need 75% approval to take it private (Both volume and individual shareholders(?)) then maybe we'll have leverage if no large holders budge. Since they took out the small holders at 4.5c and are now trying to take out mugs like us at 5.5c.

Also hints at them "losing" the paper work for NMPA and why FDA wasn't trumpeted.

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Alternatively the bear case is that the company is doomed and Rob is planning to be first in line to sell his shares back. But we'll assume not for now.

UCM Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.7¢		Change -0.003(10.0%)		Mkt cap ! $6.604M

Open	High	Low	Value	Volume
3.3¢	3.3¢	2.7¢	$8.7K	299.9K

Buyers (Bids)

No.	Vol.	Price($)
2	37080	2.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	28216	1

View Market Depth

No.	Vol.	Price($)
2	37080	0.027
1	56679	0.026
2	214000	0.025
1	25000	0.024
1	50000	0.020

Price($)	Vol.	No.
0.034	28216	1
0.058	18000	1
0.060	926667	1
0.000	0	0
0.000	0	0

Last trade - 11.13am 01/05/2024 (20 minute delay)

UCM (ASX) Chart

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