I think the price is being held down for the sole purpose of keeping the market cap under $300M...this way the company can apply the listing rule to get an extra 10% placement capacity on top of the 15% allowed.
Most acquisitions are usually ‘Cash + Shares’.......and we have enough cash.....and after the vote, we should have enough shares.
I don’t think Management will ‘let go’ of BET at this stage and certainly not for 0.70 - 0.90 cents per share. We are still growing and there are a lot of possibilities.
BET has a monopoly where they are the ‘independent middle man’........if the company was taken over buy a large Bookmaker/Gambling company then the serviced provided to Racing Authorities would not seem independent to them as the BM/GA would control 2/3 of the process.
Any takeover offer would have to start at $1.50 per share........but I feel with Matt Davey on board that acquisitions is the name of the game at the moment.
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Last
9.3¢ |
Change
0.003(3.33%) |
Mkt cap ! $89.75M |
Open | High | Low | Value | Volume |
8.8¢ | 9.4¢ | 8.8¢ | $240.7K | 2.629M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5200 | 9.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 280786 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5200 | 0.093 |
1 | 46200 | 0.092 |
1 | 55500 | 0.090 |
2 | 500000 | 0.087 |
1 | 117412 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 280786 | 2 |
0.095 | 315500 | 3 |
0.097 | 8880 | 1 |
0.098 | 170499 | 2 |
0.099 | 318888 | 1 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
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