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0.00% 2.6¢ cellnet group limited

Ann: Proposed Acquisition of Cellnet by Wentronic, page-2

  1. dazatoN
    7,985 Posts.
    lightbulb Created with Sketch. 481
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    12/05/23
    11:35
    Post #: 67740663
    lol, these guys dont have shame

    6.5mill mcap at 2.7c
    6.4mill current cash position

    so these guys are offering to buy out the company at the same valuation of its cash position

    25mill net equity this co has or 10.8c

    somewhere close to 7-8c should this co be taken over

    thats under Net asset backing + excluding growth
    CLT Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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