They will/might find a buyer who will offer them either more or less than what the current share price is and sell the entire 30% to them off market (so for them the share price is irrelevant as it is sold directly to the other party). This way someone who wants to secure a large chunk of the company can do so in one transaction and probably pick up the 2 board seats which could be good for someone considering a later acquisition.
Potential catalyst for rocketing soon, page-440
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Last
$3.50 |
Change
-0.010(0.28%) |
Mkt cap ! $1.132B | |||
| Open | High | Low | Value | Volume |
| $3.50 | $3.55 | $3.46 | $2.231M | 636.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6123 | $3.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.50 | 4998 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NXL (ASX) Chart |