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35.5¢ warrego energy limited

When will you all realise there is no stx bid. They have not...

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LePok

210 Posts.

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28/11/22

09:57

Post #: 65019701
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Originally posted by khopchai: ↑

They fail to mention that instead of rushing to sign this SID over the weekend, while everyone else was at the pub or out with their family, had they waited just one business day then they would've seen that STX's 0.775 implied value was over 20 cents and it probably would've taken a 5 minute phone call to get 21 or 22 cents out of Beach. Furthermore, with knowing that multiple parties were makin offers to purchase the company, the WGO board should have been smarter knowing that they hold all of the cards and could have dictated better conditions - there was no need to sign up for a 1% break fee, which could easily cost WGO $2.5m for no reason other than incompetent negotiations - surely it could have been negotiated out prior to accepting Beach's bid!

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When will you all realise there is no stx bid. They have not made a binding offer

WGO Price at posting: 22.5¢ Sentiment: None Disclosure: Not Held
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