Jumpstart,
I have worked for a JV which was 50:50 and believe me, this is not a good option from an operational point, especially if the two "partners" have different cultures and strategies. However, you are correct in your assumptions. Having 51% will be a more painful option than if FML had sold 100%. I think your description is appropriate. The only other thing to consider is what options the board had.
My opinion only
throwing the baby out with the bath water!, page-38
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Last
18.5¢ |
Change
-0.010(5.13%) |
Mkt cap ! $53.01M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $13.12K | 70.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 118797 | 4 |
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| Last trade - 15.45pm 01/11/2024 (20 minute delay) ? |
| FML (ASX) Chart |