It doesn’t add up to me. Emefcy was a purer takeover target on it’s own, and they would have just as easily met all milestones without the merger. The merger for Emefcy (taking on the execution piece) only makes sense if it was aiming to be able to execute quickly against the immediate opportunity in China - and go for gold. It seems to me that they are trying to build a unicorn in the middle-market, playing on the decentralisation theme. It’s the only play that makes any sense considering we have first mover advantage with leading technology at the time of the greatest water treatment infrastructure upheaval ever. If i’m wrong i’ll take a big hit, but when I think it through i’m still pretty comfortable with everything.
Chart, page-2360
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12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $129.7M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.8¢ | 12.0¢ | $11.20K | 93.22K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 200663 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 31271 | 1 |
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| FLC (ASX) Chart |