Each stakeholder is worried about one thing - themselves. ASM stuffed up by buying at 23c but since they're a bigger fund any loss is a drop in the bucket - in the end its probably not even their money anyway to start with - not like us minority holders who put in our own funds. So who has more to lose??
It has been highlighted that SV operates in a country where ethics may be considered a little dodgy. Irrespective of valuations, in the event of private takeover why would the buyer pay more than he/she has to?? Even if a 30% premium is offered would anyone be happy with a 4-5c offer for their shares - only the purchaser would. In that event one would be lucky to recoup their invested money even if you bought 10c and under.
The rich get richer at the expense of the losing counter-parties.
I sincerely hope that somehow holders will get some funds back - not like in some companies which when they go belly up minority holders end up with zip and even creditors only get back say 5c in the dollar.
ASM was supposed to act on behalf for Donaco holders - all holders but the main holders thus far ensured that Donaco's losses will remain just that - losses and writedowns. Main holders flexing their muscles and brushing everyone aside. Game, set and just waiting the final whistle. AIMHO.
DNA Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held
