Basically agree KW.
Although by converting the loan, this will dilute Stone's holding, maybe to less than 10%. But the chances of FML getting all or the remaining shares must be close to nil.
A deal needs to be made, or let the offer lapse. I agree that they are better going after a secured loan payment, than having a minor shareholding.
takeover situation, page-2
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $41.55M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 59063 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 47790 | 4 |
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| Last trade - 11.27am 13/09/2024 (20 minute delay) ? |
| FML (ASX) Chart |
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