Share
5,408 Posts.
lightbulb Created with Sketch. 1208
clock Created with Sketch. 05/05/17
17:49
Share
Originally posted by aff67611
↑
The potential investors saw that raising the funds to complete the Sansinena acquisition announced to the market on 4 Novemebr 2016 would in all likelihood be the trigger to the market capitalisation of the company increasing significantly, on the basis of a completed deal. The Board argued that to acquire a large block of shares that could provide the possible mechanism for the positive capitalisation to be realised, a signicant premium was required. The investors concurred with this view based on the merits of the Sansinena asset to be acquired
Expand
The investors pulled out because the reaction wasn't as good as they thought ?? Huh. The market had nothing to react to because the funds weren't paid and the asset wasn't purchased.
(20min delay)