Thanks. With the 4th board seat it makes a bit more sense now.
If you're bailing the company out like this it is honestly not unreasonable to expect greater control in return, especially given how poorly the management and board has performed. This is probably a better alternative to a Bright takeover bid, though it could be a step in that direction possibly.
The part that leaves a sour taste in my mouth is simply that A2M doesn't even have a single seat on that board, despite owning one-fifth of the company.
Not sure what happens if the loan doesn't get approved by A2M and the other shareholders though.
Thanks. With the 4th board seat it makes a bit more sense now....
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$6.48 |
Change
-0.110(1.67%) |
Mkt cap ! $4.684B | |||
| Open | High | Low | Value | Volume |
| $6.59 | $6.64 | $6.41 | $25.96M | 4.015M |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 103592 | $6.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.48 | 48180 | 4 |
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| A2M (ASX) Chart |