the shares that were issued around bid time at 25c or so relate to debt conversion and conversion was at lenders election .
looking thru the history the bullseye board and the Chinese have had a ding dong going on for around 4 years, and haven’t had any joy with past takeover panel applications.
only concern is they hold around 14% of bullseye - can potentially stop compulsorily acquisition but can’t stop any special resolution. Which needs at least 75%
not sure what the Chinese end game is here - they are a minority stuck in an unlisted small producer reliant on toll treating. Hardly a compelling prospect.
I am sure EMR have a plan and will give the appropriate response.
EMR Price at posting:
$1.14 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)