Well if it is 40c (which I wouldn't be surprised if it is), as an investor who had bought at a $1, you would load up the truck and buy on market between 18-20c, to possibly bring your average down to 60c ?
that's not advice just putting it out there. I did something similar with BBG - Billabong and that was under real dire circumstances, when the sp hit a 12c low looking like they were going bust and 2 years before reaching that low, they were offered $3 by TPG (rejected by the board), then a revised offer of $3.30 (rejected again) - what the ?
In the end Oaktree Centrebridge took a very large stake in them and saw the sp bounce hard to 70c. I got out slightly above my average of 48c, had enough of that rollercoaster ride !!!
SRF Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
