This article in the AFR seems to have been published yesterday (link for members or try to find yesterday's hard copy AFR):
http://www.afr.com/p/business/marketing_media/gray_holds_key_to_inm_push_for_apn_dUru6xH4rKmGbKeuxgapeM
It suggests that INM might just be trying to keep power to control APN, and doesn't want to be diluted- fair enough.
This bit is speculative, but a media analyst from UBS says a $300m capital raising @ 20c would improve the metrics/debt scenario of APN.
key apn shareholders in push to oust ceo, page-8
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Last
70.5¢ |
Change
-0.015(2.08%) |
Mkt cap ! $220.7M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 72.0¢ | 70.5¢ | $7.715K | 10.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 41470 | 68.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.5¢ | 10000 | 1 |
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| Last trade - 15.59pm 13/11/2024 (20 minute delay) ? |
| A1N (ASX) Chart |