they probably couldn't afford to take it private, there is still about 70m they would need to raise to do that. It probably would make sense for the top 10 shareholders to take it private though. That would be considerably less.
My view of this is that it will get taken over some day, at a price the brothers like. I mean TPM is still dominated by the Teoh's and it doesn't seem to have stopped the company from being valued correctly.
In fact I wouldn't be surprised if TPM or a similar telco took them out one day. I held a small cloud computing company IPX once and woke up one day to discover that TPM had taken them over at a 100% premium... and before that PWK another company i held and admired was taken over by them.
But be aware I am free carried with this company so my sentiment is just to hold / or ignore.
MAQ Price at posting:
$8.20 Sentiment: None Disclosure: Held
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