Great to see the new management getting on with business post acquisition It must have been a difficult task trying to sell the message that existing shareholders should sell but at the same time the company would have a great future. Sort of like convincing a kid "you won't like this lolly"
Interesting that the forecast acquisition was completed without the need for a capital raising. I imagine that most shareholders accepted the offer for two reasons, the foreshadowing of a capital dilution and the threat of a delisting. Perhaps neither will happen?
Management has stated the turnaround will take time. We expect this to be the case and there is always a 'cleaning of the deck' at such a time. However, we now have an invigorated board and management and a painless changeover. The 24% of original shareholders that remain can look forward to an optimistic future.
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Last
4.4¢ |
Change
-0.005(10.2%) |
Mkt cap ! $7.854M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.4¢ | $5.203K | 113.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 99549 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.9¢ | 56634 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 244216 | 0.043 |
1 | 255000 | 0.039 |
1 | 222891 | 0.038 |
1 | 13600 | 0.037 |
1 | 14000 | 0.036 |
Price($) | Vol. | No. |
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0.049 | 56634 | 1 |
0.050 | 50000 | 1 |
0.051 | 19607 | 1 |
0.052 | 106172 | 2 |
0.055 | 400000 | 1 |
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