"The Directors note that the Scheme will fail if shareholders owning a combined 25 percent of the Mitula Group’s issued capital form the view that the scrip consideration undervalues the Company and they vote against the Scheme."
Cold feet from the directors?
But for 20,000 unit shareholders, I still see this as a win-win: if it goes ahead, 80c/share is locked in. If it doesn't, it's because MUA BoD see the company as a ~$1/share value.
TBH, I bought in, in Aug 17, on the basis that the overnight plunge was not because the business was flawed, but there was a glitch in the algorithm, and therefore I expected it to rise back to ~$1 eventually. I retain that outlook.
GLTAH-DYOR
MUA Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held
