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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Mkt cap ! $57.54M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $4.714K | 392.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 7391126 | 1.2¢ |
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Price($) | Vol. | No. |
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1.3¢ | 18351847 | 15 |
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9 | 7876361 | 0.011 |
6 | 14157452 | 0.010 |
2 | 1375122 | 0.008 |
2 | 166837 | 0.006 |
Price($) | Vol. | No. |
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0.013 | 15468729 | 13 |
0.014 | 4999235 | 10 |
0.015 | 4127000 | 5 |
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