8.5m is far too cheap if all the cash reserves of the company go with the current business to Mr Loh. However I feel this very much needs clarification, is the cash going with the business? They talk about starting a new business, what with? For now I wait with interest for the proper documentation to be published. For the record 17c is still too cheap even allowing for the dilution from the rights issue.
Worthwhile commenting that after the last attempt by Mr Loh failing due to the independant directors digging in their heels the old board left or were sacked. The current non execs are all new Loh appointees.
8.5m is far too cheap if all the cash reserves of the company go...
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18.5¢ |
Change
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Mkt cap ! $50.48M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $7.914K | 42.51K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 229628 | 18.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 64712 | 1 |
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