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...
Add ERD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
94.0¢ |
Change
-0.010(1.05%) |
Mkt cap ! $173.7M | |||
| Open | High | Low | Value | Volume |
| 92.5¢ | 96.0¢ | 92.5¢ | $30.18K | 32.03K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35956 | 94.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.0¢ | 4596 | 2 |
View Market Depth
| Last trade - 15.53pm 06/06/2024 (20 minute delay) ? |
|
|||||
|
Last
96.0¢ |
Change
-0.010 ( 3.23 %) |
||||
| Open | High | Low | Volume | ||
| 94.0¢ | 96.0¢ | 93.5¢ | 3835 | ||
| Last updated 15.48pm 06/06/2024 ? | |||||
| ERD (ASX) Chart |