no they didnt.
They came back at the bottom of the market. even without their bid its possible that fms would be in the 1.2-1.5 range just gauging by its peers. So while the TIO bid raised the share price it also limited it for a while too. I believe the action above 1.3c tells you the market expects an increased offer of some kind. Their bid was opportunistic and is not really offering a premium to fair value.
Many stocks are 3 and four baggers from their bottom. My guess is a fair price is somewhere between 4-5c but that will be disputed by many of the long term holders here.
cheers contra
no they didnt. They came back at the bottom of the market. even...
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