As a non-holder I think CVC is unlikely to unveil the true...

As a non-holder I think CVC is unlikely to unveil the true reason why they walked away. The market would unlikely to respond well as a possible reason is that CVC was unhappy with the result of their DD hence walked. As this is unable to be ruled out the market would likely be bearish on APM’s true market value, particularly at its current debt level. I think the SP is very likely going down to the similiar level,i.e the 80c and could be even worse due to the perceived concern.

I still think a CR is imminent as Q3 for most human services would be the worst performing quarter due to the number of public holidays and associated staff leave during this quarter.

if their Q3 shows further decline of their cash position +/- of debt level, they will very likely need to push for a CR and it will further tank the SP.

I don’t want to be a doomsayer and as a non-holder but someone who works in the same industry I think the current holders need to be cautious.

DYOR and good luck with your trading.