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They wanted a change of control so likely wanted green light...

  1. Boony87
    814 Posts.
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    18/07/22
    09:27
    Post #: 62582409
    They wanted a change of control so likely wanted green light from several large share holders (Tom, Sentenial, PFS, Peter Martin etc.) who all would have said no based on the offer not representing value

    These investors don't need to sell + the company has cash to continue to develop and wait it out till CBI resolved + August full year + FY23 forecast released
    EML Price at posting: $1.02 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 13  Upvote
    lightbulb Created with Sketch.  Great analysis
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