FWIW re taking FLN private;
The 2 major shareholders collectively own ~ 80% of FLN.
At current prices an additional 10% (~ 45M shares) is worth ~ A$10M.
ASX creep rule allows the acquisition of 3% of the voting rights every six months. Theoretically it could take them < 1 year to reach the 90% hurdle.
However, the average daily volume of ~ 72K shares means it would likely take > 2 years. But that can be accelerated.
DYOR
Freelancer Name, page-100
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Last
17.0¢ |
Change
-0.005(2.86%) |
Mkt cap ! $76.65M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 17.0¢ | $17.45K | 102.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 232574 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 9885 | 2 |
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| Last trade - 11.54am 16/08/2024 (20 minute delay) ? |
| FLN (ASX) Chart |