Most likely some sort of poison pill to fence off the raider (a lot more shares for them to buy). If a large chunk of new shares are placed with a "friendly", it will make the takeover that much more difficult. Management does not want to sell, perhaps they have not milked the company enough yet.
Ann: Media regarding approach from SQN Investors, page-44
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $92.43M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.0¢ | 14.5¢ | $29.78K | 200.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 767328 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 252517 | 6 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
14.5¢ |
Change
0.000 ( 3.33 %) |
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| Open | High | Low | Volume | ||
| 15.0¢ | 15.0¢ | 14.5¢ | 268189 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| BTH (ASX) Chart |