“On the other hand, if Allen really can generate revenue and earnings growth in FY22, then millions more dollars will be added to her well-earned payday. It will also supercharge Whiteoak’s returns, while former shareholder Bergen will be ruing its decision to fully exit just as the business was turning the corner.”
If Bergen is ruing its decision to fully exit, they could have bought their shares back cheaper than 10c in the past couple of weeks and can still do so on Monday. I wouldn’t be too surprised if Bergen emerges as a substantial holder again after Monday.
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