Sometimes I feel that I am in Alice in Wonderland.
The Chinese entity would have offered at least $.50 for the entire company and we could have taken our 100% gain and invested the profits where we wanted. How do I know they would have offered at least $.50 for the entire company? We know they offered $80 million for Zara plus up to $20 million for surrounding land or $100 million in total. If they bought the company outright, they would also be entitled to the $40 million in cash that Chalice will have once they receive the payment. That is $140 million or $.56/share. They would also get Mogoraib for free.
The Chinese would have offered at least $.50/share on a take out if management would have been interested in selling the entire company. They would have been stupid not to (the math says so).
So as a result, shareholders lose and management wins. If you can live with that injustice, good for you. I care about my investments and know when I have been had - shame on me.
stateside
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Last
$1.12 |
Change
-0.060(5.11%) |
Mkt cap ! $433.6M |
Open | High | Low | Value | Volume |
$1.14 | $1.16 | $1.11 | $4.128M | 3.670M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 39996 | $1.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.13 | 12789 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 39996 | 1.115 |
7 | 89130 | 1.110 |
5 | 28831 | 1.105 |
28 | 136342 | 1.100 |
3 | 34921 | 1.095 |
Price($) | Vol. | No. |
---|---|---|
1.125 | 12789 | 1 |
1.130 | 56895 | 4 |
1.135 | 176789 | 3 |
1.140 | 12789 | 1 |
1.145 | 12789 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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