CFO went down roughly 10% the other day on $980 worth of trades through out the day. If they are trying to use a vwap model then keep it around 18c for a couple of weeks then BAM! Take over at 50% premium, look at how generous we are being compared to the current SP.
My gut tells me we will be offered more, maybe even not taken off the ASX but it used as an ultimatum unless we allow a huge chunk of the company to be exchanged to private equity for expansion capital, but at the same time my instincts are screaming we are being set up to be screwed over.
Next few weeks will be telling with ANN soon to come.
CFO Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held