re: Ann: Takeover Bid - Independent Expert... "We have been advised by Management of UCL (“Management”) that the costs associated with
defending the Proposed Offer are approximately A$0.5 million. We understand that these costs will
be borne by UCL irrespective of whether the takeover proceeds or not."
running on vapors atm, cash end of last quarter was 2.1 mill with almost 1.5mill outflow projected this quarter.
is it responsible for ucl directors to spend so many $$ defending this takeover when cash is so low. seems excessive to me.
all this promotion and jk buy up to 3% limit could back fire on ucl.
be accessing the loan facility soon, big raising needed asap.
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Mkt cap ! $27.04M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 5366617 | 0.9¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1393143 | 4 |
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