TVN 0.00% 5.6¢ tivan limited

"The Vimson deal, apart from being at a huge discount, has blind...

  1. 10,319 Posts.
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    "The Vimson deal, apart from being at a huge discount, has blind sided everyone and is to date unable to be explained."
    It is actually worse than that. Any company/individual wanting to buy into another company in a big way would normally find the purchase of shares would send the share price UP. For example takeover bids are always at a very significant premium. To let Vimson buy in at a 20% discount indicates we were desperate, either for the money, or for the votes. If Vimson truly saw TNG as a worthwhile place to be they would have paid 15c (give or take) and still received a very worthwhile stake in TNG at a very good price. If nothing else Rex should be sacked for incompetence.
 
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