I think the wording was rather guarded.
I would find it hard to believe that the board has no idea as to a valuation of current assets, but chose those words "independent valuation" deliberately as well as the wording of a recommendation of SH to take no action till further notice.
Compare that to the language used by CRE in the still to be completed friendly FML TO - a distressed asset being bought with the blessing of the CRE board as well as major SH; even that turned into a wee mess.
I know what I think of the offer and a certain proverb comes to mind !
Looks a lot like poker to me !
another way to look at this, page-12
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ACS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.838M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 545341 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.4¢ | 2560 | 2 |
View Market Depth
| Last trade - 16.12pm 16/08/2024 (20 minute delay) ? |
| ACS (ASX) Chart |
Day chart unavailable