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Ann: Suspension from Quotation, page-28

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BerserkWarrior

1,234 Posts.

669

31/05/23

14:41

Post #: 68058386
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Originally posted by TheGoss31: ↑

Seems odd to suspend while “negotiations are being completed” - plenty of other companies with much larger deals are able to keep trading while a deal is negotiated in the background under confi arrangements. There was no share price activity prior to Monday to suggest that there was any leak/unusual trading activity.

I hope the board know what they are doing - going on trading halt to finish negotiations before a deal is struck might give leverage to whoever the bidder is - knowing that the clock is now ticking to 3 weeks for us. There would be nothing worse that setting the expectation of a deal and in 3 weeks time coming out of halt with the bidder having walked away. Not sure why they couldn’t have waited until a deal was executed or a terms sheet/indicative offer received before disclosing. Seems a bit amateurish tbh

… but I’ll eat my words in 3 weeks if we get a treated to 30c lol

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Well said. Don't understand why they've done/approached it this way. Looking forward to details when revealed in time

CE1 Price at posting: 10.5¢ Sentiment: None Disclosure: Held
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