Purely hypothesising here, however if G/F need a 25 mill swing (possibly 20 mill odd more depending on lenders sympathies).... at 2c - 2.5c they could possibly buy votes required for $500 - $1mill to take majority.
Unlikely to find that kind of volume without pushing up share price significantly (and indications are they are getting out), but possible and worth considering?
Ann: Update on Loan , page-31
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $50.18M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 10.0¢ | $55.57K | 500.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4400 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 380423 | 4 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| VMT (ASX) Chart |