Just musing around with ChatGPT, could this be Hoppers battle plan:
Yes, there have been instances where a publicly listed company on the Australian Securities Exchange (ASX) has deliberately let its share price drop to a level where it risks delisting, with the aim of taking the company private. This process is generally part of a strategy to make the company more manageable, often in preparation for a takeover or restructuring.For example, a company might let its share price fall to avoid the costs and scrutiny associated with being publicly traded. Once the share price drops significantly, it can make it easier for a buyer or a group of investors to acquire the company at a lower cost. In some cases, this can be part of a broader strategy to restructure the company or make it more attractive for acquisition.
However, this approach can be risky and is subject to regulatory scrutiny. The company and its management need to be cautious to ensure they comply with all legal and regulatory obligations. Additionally, such strategies can have complex consequences for shareholders and other stakeholders, so it's usually undertaken with careful consideration and planning.
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No. | Vol. | Price($) |
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15 | 2193808 | 5.2¢ |
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7 | 1399145 | 0.051 |
12 | 1193048 | 0.050 |
20 | 6833876 | 0.049 |
66 | 9686793 | 0.048 |
Price($) | Vol. | No. |
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0.054 | 1194213 | 11 |
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