I dont like the company or management i am here purely for M&A...

I dont like the company or management i am here purely for M&A as it provides a good R/R profile within a short time window. The company continues to acquire, increase losses, struggled to grow top line revenue, they have blamed high churn to the economy (what happens if we really get a recession then).

I would love to see an offer and an exit. Flip side is there are alot of people playing this for M&A. So if nothing occurs by year end then i suspect people will want to exit before next 1/2 year report (given the recent trend) , cash will look compromised and all this will be reflected in the share price which i think will be lower. I also think if i really wanted to acquire this company i would prob wait until the next report and you probably bid for it at a much cheaper price

Ideally someone stumps up over 60c and i am happy, thats my thesis but do not own this because i like and management are rubbish IMO (recent events explain my opinion)