The IPO was a shambles to say the least. Earnings miss from the get go and now a takeover scheme - supported and endorsed by the board responsible for the IPO - just 7 months ago.
The independents expert's report (required as part of the scheme) will make interesting reading contrasted again the 7 month old prospectus.
If ever there's a time for ASIC to examine a company from cradle to grave, that time is now.
YFZ Price at posting:
90.5¢ Sentiment: None Disclosure: Not Held