the first point you made is important. A lot of take over stats show a premium to SP. but as compared to ATH they can be heavily discounted eg VLA and RAP down from $0.38c in October 2019.
I think it is difficult for BOD to be objective, if they see a sale as the only way for them to exit. If in the millions they possibly don’t mind taking a hair cut but that doesn’t help the little guy who is in the red!
Having competition is key, if Pzifer is a last ditch effort then rejecting it could risk the one and only deal. Not a good position to be in. Pzifer holds all the cards in this instance a market is crap so they are trying to scoop a bargain.
That’s why being under the radar ain’t such a bad thing atm. There needs to clearly be an on the radar strategy / campaign at some point to rollout to market!
not in RAP but will be interesting to see the outcome.
Industry news, page-583
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$1.54 |
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Mkt cap ! $261.5M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 500 | $1.53 |
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|---|---|---|
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