Despite the claims of some, I do not think is "all over" yet irrespective of what the update on LT is.
Here is my rationale :
Assume the worst case scenario - i.e LT stuffed and no cash for a long time, no abiltiy to refi - staring a voluntary admin or an agressive / unfriendly takeover in the face.
Then, nothwithstanding the obligations Director's have if they place into VA they lose control - 3 directors at present LDM, SDB and JH - of which SDM is the one who has sunk serious money into NXS and even low ball offers will be better than letting it go into VA - who do you think will be calling the shota on this ?
Additionally two shareholders SDB + ACG now control over the 10% threshold - so they can block ( additionally I doubt Dimensional is going to easily wave goodbye to their 5% ). So these guys are going to want to control any realsiation of the assets ( if that is where we are headed) and maximise their get-outs.
The fay lady hasn't sung yet, and this (soap)opera has a while to go yet.
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Despite the claims of some, I do not think is "all over" yet...
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Last
23.0¢ |
Change
0.005(2.22%) |
Mkt cap ! $68.54M |
Open | High | Low | Value | Volume |
22.5¢ | 23.5¢ | 22.5¢ | $11.68K | 50.62K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20037 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 3501 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20037 | 0.235 |
1 | 149869 | 0.230 |
1 | 2371 | 0.225 |
1 | 75904 | 0.220 |
1 | 6500 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 3501 | 2 |
0.255 | 5756 | 1 |
0.260 | 16371 | 2 |
0.275 | 12350 | 1 |
0.290 | 8000 | 1 |
Last trade - 13.11pm 12/07/2024 (20 minute delay) ? |
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NXS (ASX) Chart |