eagle - I dont believe so. From memory AMM bought into IIN at the time IIN was going through it's scandal and the shareprice took a hit. Lots of rumours of potential takeovers etc - AMM raised money through futuris (which at the time was looking to increase it's stake in AMM but later exited the telco space) to buy just under 20% of IIN on market.
IIN set up a partnership with PowerTel at the time - and had an agreement in place to use their backbone in the east coast, and AMM popped up and protected their interests on the west coast where IIN use their backbone.
That's how I remember it at least. Not sure how the situation has changed since then, but at the time I read the whole scenario as a strategic investment in IIN with the potential view to do a hostile takeover that never ended up occurring.
I was working for AMM at the time - but no longer do so can't speculate on the current situation, only provide hazy commentary on historic :) Do some reading tho - lots of articles abound on the topic.
- Forums
- ASX - By Stock
- buyers galore
eagle - I dont believe so. From memory AMM bought into IIN at...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AMM (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.2¢ |
Change
0.002(20.0%) |
Mkt cap ! $2.496M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $6K | 500K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 438154 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 320000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 438154 | 0.010 |
2 | 379220 | 0.009 |
2 | 449220 | 0.008 |
1 | 200000 | 0.007 |
2 | 333335 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 320000 | 1 |
0.013 | 55555 | 1 |
0.015 | 19991 | 1 |
0.018 | 400000 | 1 |
0.081 | 38470 | 1 |
Last trade - 10.12am 10/10/2024 (20 minute delay) ? |
Featured News
AMM (ASX) Chart |
The Watchlist
EL8
ELEVATE URANIUM LTD
Murray Hill, MD & CEO
Murray Hill
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online