Jayson has a seat on the Minbos board. So they would have known about the IDC pre-conditions as soon as anyone in the company did. For all we know, IDC communicated the essence of the decision to Minbos (and Jayson) prior to the decision officially being communicated.
The provides a simple and logical explanation of why Jayson withdrew support. The BS you were fed by the company's representatives about Jayson politely making way for an interested party make zero sense. Probably the interested party thing was just a smokescreen to justify the TH (see Red Baron's explanation from yesterday)
Keep in mind, if Minbos cannot secure new equity or debt finance in the next nine weeks (which even you and other bulls like Praetor and Red Baron are now expressing doubts about), Jayson becomes the sole remaining lifeline. This puts them in the box seat to seize a controlling interest in the company.
Jayson has a seat on the Minbos board. So they would have known...
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Last
5.6¢ |
Change
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Mkt cap ! $48.44M | |||
| Open | High | Low | Value | Volume |
| 5.8¢ | 5.8¢ | 5.6¢ | $4.757K | 84.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 84497 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.8¢ | 172515 | 3 |
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| Last trade - 13.59pm 17/05/2024 (20 minute delay) ? |
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Last
5.6¢ |
Change
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| Open | High | Low | Volume | ||
| 5.8¢ | 5.8¢ | 5.5¢ | 128359 | ||
| Last updated 14.34pm 17/05/2024 ? | |||||
| MNB (ASX) Chart |