Goodness gracious. Utsler out, a new CEO effectively on a month-to-month “at will termination” type arrangement, and ex-JP Morgan Jetta back in as chairman, and saying
“It is the Board’s and my intention to seek to maximise value creation for shareholders by way of a successful M&A process and a subsequent distribution of proceeds to shareholders. I look forward to working closely with Mr Herod to achieve that goal. The M&A process lead jointly by Seaport Global and Adelaide Equity has produced significant buyer interest, and we expect a positive outcome.”
Herod’s terms:
“Mr Herod will be entitled to receive a cash bonus if there is a liquidity event that results in a return of capital to the Company’s shareholders (including a takeover, merger, scheme of arrangement, sale of assets, share buy-back, special dividend, or a series of liquidity events) that arises from the signing of definitive documents during Mr Herod’s employment not later than 1 March 2024. The maximum amount of the cash bonus is US$300,000.”
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $62.33M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.3¢ | $10.82K | 832.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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9 | 2688085 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.4¢ | 7217741 | 13 |
View Market Depth
No. | Vol. | Price($) |
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8 | 1908085 | 0.013 |
8 | 6805305 | 0.012 |
4 | 5690999 | 0.011 |
3 | 683416 | 0.010 |
2 | 245123 | 0.008 |
Price($) | Vol. | No. |
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0.014 | 5574095 | 11 |
0.015 | 4178353 | 11 |
0.016 | 1114289 | 3 |
0.017 | 3613248 | 5 |
0.018 | 349362 | 3 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
1.3¢ | 1.3¢ | 1.3¢ | 33525 | ||
Last updated 15.59pm 03/05/2024 ? |
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