Couldn't agree more. Seems like BTH board essentially rejecting the $0.80 offer (which was a floor) to then go and sell circa 10% of the company at $0.60 while still having plenty of money in the bank. I think both of these transactions would significantly undervalue the company but one by more than the other. All speculation at this point but seems more like a play to stay public than raise for acquisitions.
Ann: Media regarding approach from SQN Investors, page-15
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $78.82M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.8¢ | $75.54K | 686.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 319816 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 111368 | 7 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BTH (ASX) Chart |