I don't see why. The company has another $2m ($3m minus costs) and sits exactly where it did pre-deal.
Don't forget there were a number of bidders. I suspect it will be a similar price but for 100%.
Perhaps some panic selling
Ann: Trading Halt, page-10
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Last
40.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.82M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 52565 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 28493 | 1 |
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| Last trade - 16.12pm 09/09/2024 (20 minute delay) ? |
| SEQ (ASX) Chart |
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