" The Directors also recognise that holders of well in excess of 50 percent of the Company’s issued capital would receive LIFULL scrip as consideration and will focus on the value of that scrip"
The majority of share capital is still in the +20k shareholders.
Lifull had a forecast downgrade soon after the deal was announced (a large one at that too) and now they're hoping for a better than expected FY19 profit forecast....
MUA Price at posting:
61.0¢ Sentiment: Hold Disclosure: Held
