"if they can relieve"? Gheko are dumping their shares all over the market anyway, causing dilution and downward preassure on the share.
So BOD should just man up and make them a low ball bid they have less than 30 mill share now. bid them 1.4 and thats only AUD 400,000. They will get them. Thats less than the directors have been spending each fortnight since the cash raising. It takes 4% of the company off the market, but most importantlty takes the biggest seller and constant overhang and down preassure for the last few months in the market away.
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---|---|---|
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34 | 8416083 | 0.011 |
20 | 15052995 | 0.010 |
8 | 826330 | 0.009 |
4 | 820074 | 0.008 |
Price($) | Vol. | No. |
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0.014 | 1480000 | 4 |
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