Low ball - they are probably in cahoots with the recent sell down - same thing happened with VLA. Drive the price down then make an offer. Will be interesting to see what directors say they want for the business.
My guess is $5.50.
The bidder will be happy no more than $4.05.
Ann: Intention to Make Takeover Bid, page-9
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$3.28 |
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Mkt cap ! $122.3M | |||
| Open | High | Low | Value | Volume |
| $3.32 | $3.32 | $3.25 | $96.95K | 29.50K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3148 | $3.25 |
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|---|---|---|
| $3.29 | 10000 | 1 |
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