Okay so now we have unsolicited offers from third parties It’s...

Okay so now we have unsolicited offers from third parties

It’s getting interesting

I’d say someone now wants to buy the whole thing, whereas before it was just the customer book. Now I have a question - the first announcement stated the “Company had agreed to sell” however it also stated it was subject to shareholder approval. I know it also said the Company reserves the right to consider other offers etc but if you check LinkedIn certain Velpic staff are already listing their new positions at Go1..... Sounds like the deal is already done? Can it be given the shareholder approval required?

What do we feel about the 3x ACMR valuation been given here? Is that fair given it’s only the customer book not the business? I know SaaS stocks were at one point bringing in up to 10x revenues.

In addition, would the offer from Go1 to purchase the customer book constitute a material disclosure and was this announced to the market the moment the offer was received?

No shortage of twists to this story.

Cheers,
TT