It's worse than that. They actually rejected the $1.30 offer less than 2 months ago, and wouldn't even grant due diligence, because it "materially undervalued the company". And now they are raising money at 70c.
The board obviously must think that 70c is a truly massive undervaluation. But hey, as long as they don't get taken over and continue to collect director's fees, who cares?
It's worse than that. They actually rejected the $1.30 offer...
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$1.21 |
Change
-0.025(2.02%) |
Mkt cap ! $227.2M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.25 | $1.20 | $28.20K | 23.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1300 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 2136 | 1 |
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