The company is high risk and controlled IMO by major holders. It has large cash and capital expenditure about to happen to revive a brand it has just bought along with the risk of restarting and building inventory in a business where scale matters. IMO they have never run a large staff etc as they have always done contract manufacturing and warehousing. Australia can be a expensive country to manufacture and distribute..
So what happens next - with no other bidder there is no need to increase price. Bidder absorbs some shares from holders simply wanting a exit with many having small parcels anyway so it tidies up register. Independent expert will suggest it isn't as bad as it seems . Fund if they don't get it all will just keep creeping up register over time. Possibly eventually trade sale of a delisted company as listing expenses are high for small turnover company delist outright to save $ or private sale and have shell. Problem of not being listed is valuation in fund not a simple but not a hard issue
YOW Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
